Parkside Financial Bank & Trust Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Parkside Financial Bank & Trust bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,520 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWIN. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. First Horizon Advisors Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $55,000. Venturi Wealth Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $66,000. Finally, Amalgamated Bank bought a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $81,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Keefe, Bruyette & Woods dropped their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, 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 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. This represents a 58.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Elizabeth Krystyn sold 191,307 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 232,570 shares of the company’s stock, valued at $10,507,512.60. The trade was a 45.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 291,906 shares of company stock worth $12,955,475. 20.14% of the stock is currently owned by insiders.

The Baldwin Insurance Group Trading Down 4.8 %

NASDAQ BWIN opened at $39.18 on Tuesday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -61.22, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average is $39.89 and its 200 day moving average is $44.59.

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.