HB Wealth Management LLC Buys Shares of 63,667 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

HB Wealth Management LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 63,667 shares of the company’s stock, valued at approximately $2,468,000. HB Wealth Management LLC owned approximately 0.05% of The Baldwin Insurance Group at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BWIN. Peapack Gladstone Financial Corp acquired a new stake in shares of The Baldwin Insurance Group in the third quarter valued at approximately $263,000. Diversified Trust Co acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $788,000. Harbor Capital Advisors Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter worth $2,000,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $5,115,000. Finally, Confluence Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $16,747,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a filing with the SEC, which is available at this link. 20.14% of the stock is currently owned by insiders.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN opened at $41.23 on Monday. 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 company has a market cap of $4.85 billion, a P/E ratio of -64.42, a P/E/G ratio of 0.82 and a beta of 1.64. The Baldwin Insurance Group, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $55.82. The firm’s 50 day moving average is $42.41 and its two-hundred day moving average is $44.52.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. Analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BWIN shares. Jefferies Financial Group boosted their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods reduced their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

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.