Cibc World Markets Corp Makes New $242,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Cibc World Markets Corp acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,237 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors also recently modified their holdings of the company. Elevation Wealth Partners LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $33,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $38,000. First Horizon Advisors Inc. bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at about $55,000. Finally, Parkside Financial Bank & Trust acquired a new position in The Baldwin Insurance Group during the 4th quarter worth about $59,000. Institutional investors own 77.49% of the company’s stock.

Insider Buying and Selling

In related news, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares of the company’s stock, valued at $523,167.66. This trade represents a 54.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were 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 of the company’s stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 over the last three months. Company insiders own 20.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BWIN shares. Wells Fargo & Company dropped their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods decreased their price objective on 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $46.41 on Wednesday. The firm has a fifty day moving average of $41.01 and a two-hundred day moving average of $44.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of -72.52, a PEG ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82.

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.