First Horizon Advisors Inc. Takes $55,000 Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

First Horizon Advisors Inc. bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,415 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Handelsbanken Fonder AB bought a new position in The Baldwin Insurance Group during the fourth quarter worth $570,000. New York State Common Retirement Fund bought a new position in The Baldwin Insurance Group during the fourth quarter worth $1,909,000. Peregrine Capital Management LLC bought a new position in The Baldwin Insurance Group during the fourth quarter worth $16,146,000. Kornitzer Capital Management Inc. KS bought a new position in The Baldwin Insurance Group during the fourth quarter worth $9,323,000. Finally, Venturi Wealth Management LLC bought a new position in The Baldwin Insurance Group during the fourth quarter worth $66,000. Institutional investors own 77.49% of the company’s stock.

Analysts Set New Price Targets

BWIN has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price target 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

The Baldwin Insurance Group Stock Down 1.6 %

Shares of NASDAQ:BWIN opened at $39.97 on Friday. The Baldwin Insurance Group, Inc. has a 52 week low of $26.08 and a 52 week high of $55.82. 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 company’s fifty day moving average is $39.85 and its 200-day moving average is $44.55. The company has a market capitalization of $4.70 billion, a PE ratio of -62.45, a P/E/G ratio of 1.17 and a beta of 1.63.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the sale, the insider now owns 232,570 shares in the company, valued at approximately $10,507,512.60. The trade was a 45.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group 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.