Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Position Decreased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 13.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,452 shares of the company’s stock after selling 17,481 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Baldwin Insurance Group were worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. FMR LLC bought a new position in shares of Baldwin Insurance Group during the 4th quarter valued at about $325,535,000. Vanguard Group Inc. acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $255,331,000. William Blair Investment Management LLC acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $190,218,000. Bamco Inc. NY acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $116,668,000. Finally, Capital International Investors acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $99,040,000. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Stock Performance

BWIN stock opened at $41.56 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $4.93 billion, a P/E ratio of -79.92, a P/E/G ratio of 1.73 and a beta of 1.65. The firm has a 50 day simple moving average of $39.90 and a 200 day simple moving average of $40.52. Baldwin Insurance Group, Inc. has a 52 week low of $33.11 and a 52 week high of $55.82.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, June 13th. Jefferies Financial Group raised their target price on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Wall Street Zen cut shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $45.00 target price (up from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.83.

Insider Buying and Selling

In related news, Director Lowry Baldwin sold 62,500 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $39.00, for a total transaction of $2,437,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Trevor Baldwin sold 58,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $38.48, for a total transaction of $2,231,840.00. Following the sale, the chief executive officer now owns 144,676 shares of the company’s stock, valued at approximately $5,567,132.48. This represents a 28.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 451,380 shares of company stock worth $17,731,131. 18.51% of the stock is owned by company insiders.

About 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.