Red Door Wealth Management LLC Takes $1.05 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Red Door Wealth Management LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,000 shares of the company’s stock, valued at approximately $1,047,000.

Several other large investors have also recently bought and sold shares of BWIN. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $33,000. Cetera Trust Company N.A acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $212,000. Peapack Gladstone Financial Corp bought a new stake in shares of The Baldwin Insurance Group in the 3rd quarter worth approximately $263,000. Janney Montgomery Scott LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $269,000. Finally, SG Americas Securities LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $395,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

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

The Baldwin Insurance Group Price Performance

Shares of BWIN opened at $40.78 on Friday. The business’s 50-day moving average is $42.09 and its 200-day moving average is $44.58. 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 $4.80 billion, a price-to-earnings ratio of -63.72, a P/E/G ratio of 1.20 and a beta of 1.64. The Baldwin Insurance Group, Inc. has a fifty-two week low of $21.70 and a fifty-two week 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 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 company had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same quarter in the prior year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at The Baldwin Insurance Group

In other 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 available through this link. Corporate insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Company 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.