Summit Investment Advisors Inc. Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Summit Investment Advisors Inc. bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,973 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at about $325,535,000. Vanguard Group Inc. purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $255,331,000. William Blair Investment Management LLC bought a new position in The Baldwin Insurance Group during the fourth quarter valued at $190,218,000. Geode Capital Management LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth $60,586,000. Finally, JPMorgan Chase & Co. raised 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 valued at $61,546,000 after buying an additional 1,175,484 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BWIN. Jefferies Financial Group lifted their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company raised their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, April 10th. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an “outperform” rating and a $53.00 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.29.

Insider Transactions at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. The trade was a 46.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $40.33 on Tuesday. The business has a 50-day simple moving average of $41.74 and a 200 day simple moving average of $43.31. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of -63.02, a PEG ratio of 1.17 and a beta of 1.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

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.