Cetera Trust Company N.A Makes New $212,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Cetera Trust Company N.A purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,470 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth approximately $5,115,000. JPMorgan Chase & Co. increased its stake in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after acquiring an additional 1,175,484 shares during the last quarter. Diversified Trust Co purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter worth about $788,000. Harbor Capital Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth about $263,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BWIN. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company decreased their price target on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Jefferies Financial Group boosted their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their target price on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

The Baldwin Insurance Group Price Performance

Shares of BWIN stock opened at $41.45 on Wednesday. The firm has a market cap of $4.87 billion, a P/E ratio of -64.53, a P/E/G ratio of 1.20 and a beta of 1.64. The firm has a fifty day moving average of $42.26 and a two-hundred day moving average of $44.56. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group, Inc. has a 1-year low of $21.70 and a 1-year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now directly owns 232,570 shares of the company’s stock, valued at approximately $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.14% of the stock is owned by corporate insiders.

About The Baldwin Insurance Group

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.