Xponance Inc. Takes $224,000 Position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Xponance Inc. purchased a new position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,023 shares of the company’s stock, valued at approximately $224,000.

Other large investors have also modified their holdings of the company. Nuveen Asset Management LLC purchased a new stake in Baldwin Insurance Group in the fourth quarter valued at approximately $10,381,000. Emerald Advisers LLC acquired a new position in Baldwin Insurance Group in the 4th quarter valued at $33,608,000. Bamco Inc. NY purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $116,668,000. KBC Group NV boosted its holdings in shares of Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after purchasing an additional 396 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Baldwin Insurance Group by 10,061.5% during the first quarter. GAMMA Investing LLC now owns 18,189 shares of the company’s stock worth $813,000 after purchasing an additional 18,010 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Trading Down 2.7%

Shares of Baldwin Insurance Group stock opened at $41.84 on Friday. The business has a fifty day simple moving average of $39.89 and a 200-day simple moving average of $40.64. Baldwin Insurance Group, Inc. has a fifty-two week low of $34.22 and a fifty-two week high of $55.82. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of -80.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.64. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

Insider Buying and Selling

In other Baldwin Insurance Group news, CEO Trevor Baldwin sold 117,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00. Following the transaction, the chief executive officer directly owned 27,676 shares of the company’s stock, valued at $1,102,335.08. This represents a 80.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Morgan Roche sold 26,679 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the transaction, the insider owned 42,113 shares in the company, valued at $1,687,467.91. This represents a 38.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 451,380 shares of company stock valued at $17,731,131. 18.51% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BWIN shares. Jefferies Financial Group upped their price target on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, April 11th. BMO Capital Markets lowered their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, June 13th. Wells Fargo & Company increased their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $45.00 price target (up previously from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wall Street Zen cut shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.17.

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.