Cornerstone Wealth Group LLC Invests $648,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Cornerstone Wealth Group LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,710 shares of the company’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWIN. JPMorgan Chase & Co. grew its position in shares of The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the period. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group in the 3rd quarter valued at about $29,447,000. Tributary Capital Management LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $18,287,000. Confluence Investment Management LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $16,747,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $5,115,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Price Performance

Shares of BWIN stock opened at $41.81 on Tuesday. 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 company has a market capitalization of $4.92 billion, a PE ratio of -65.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.64. The firm’s 50-day moving average is $41.95 and its two-hundred day moving average is $44.69. The Baldwin Insurance Group, Inc. has a 12 month low of $21.70 and a 12 month high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts predict that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Activity

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the transaction, the insider now owns 232,570 shares of the company’s stock, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 20.14% of the company’s stock.

Analysts Set New Price Targets

BWIN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lowered their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. 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 on the stock in a research note on Tuesday, January 14th. Jefferies Financial Group boosted their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

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.