Emerald Mutual Fund Advisers Trust Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Mutual Fund Advisers Trust purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 514,838 shares of the company’s stock, valued at approximately $19,955,000. The Baldwin Insurance Group makes up about 1.2% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 26th biggest position. Emerald Mutual Fund Advisers Trust owned about 0.44% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $33,000. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $36,000. Assetmark Inc. bought a new position in The Baldwin Insurance Group during the 4th quarter worth $38,000. Finally, Premier Fund Managers Ltd bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at $44,000. 77.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the business’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 transaction of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,836 shares of company stock worth $5,330,639. Company insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $42.23 on Tuesday. The stock has a fifty day moving average price of $41.84 and a 200-day moving average price of $43.01. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The firm has a market cap of $4.97 billion, a PE ratio of -65.98, a P/E/G ratio of 1.17 and a beta of 1.52.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods reduced their target price on 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given 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 $45.29.

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.