Verdence Capital Advisors LLC Purchases New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Verdence Capital Advisors LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,541 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $33,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $38,000. First Horizon Advisors Inc. bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $55,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $59,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,807 shares of company stock worth $14,359,193. Insiders own 20.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company decreased their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN opened at $39.20 on Friday. The firm has a market capitalization of $4.61 billion, a P/E ratio of -61.25, a P/E/G ratio of 1.17 and a beta of 1.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock’s 50-day simple moving average is $39.93 and its two-hundred day simple moving average is $44.48. The Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82.

The Baldwin Insurance Group Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.