Venturi Wealth Management LLC Invests $66,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Venturi Wealth Management LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,700 shares of the company’s stock, valued at approximately $66,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $5,115,000. JPMorgan Chase & Co. lifted its stake 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 worth $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Diversified Trust Co purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $788,000. Harbor Capital Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group during the third quarter worth about $263,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Price Performance

Shares of BWIN opened at $39.30 on Tuesday. The Baldwin Insurance Group, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $55.82. The firm’s 50 day moving average price is $39.82 and its 200 day moving average price is $44.63. The company has a market cap of $4.62 billion, a P/E ratio of -61.41, a PEG ratio of 1.17 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were 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 owns 232,570 shares in the company, valued at $10,507,512.60. The trade was a 45.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 20.14% of the stock is owned by insiders.

Analyst Ratings Changes

BWIN has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of 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. Keefe, Bruyette & Woods decreased 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 report on Friday, January 10th. Finally, Wells Fargo & Company decreased their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.