Emerald Mutual Fund Advisers Trust Acquires New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Emerald Mutual Fund Advisers Trust purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 514,838 shares of the company’s stock, valued at approximately $19,955,000. The Baldwin Insurance Group accounts for 1.2% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 26th biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $36,000. Assetmark Inc. bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $44,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN opened at $42.23 on Tuesday. 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 Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The firm’s fifty day moving average is $41.84 and its two-hundred day moving average is $43.01. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of -65.98, a PEG ratio of 1.17 and a beta of 1.52.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Lowry Baldwin sold 34,901 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the transaction, the director now owns 90,099 shares of the company’s stock, valued at $3,623,781.78. This trade represents a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares in the company, 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 have sold 131,836 shares of company stock valued at $5,330,639 in the last ninety days. 20.14% of the stock is currently owned by corporate insiders.

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.