Red Door Wealth Management LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Red Door Wealth Management LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 27,000 shares of the company’s stock, valued at approximately $1,047,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in The Baldwin Insurance Group in the 3rd quarter worth $29,447,000. JPMorgan Chase & Co. grew its position in shares of The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp bought a new position in shares of The Baldwin Insurance Group in the third quarter worth about $263,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth about $16,747,000. Finally, Diversified Trust Co bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $788,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BWIN. Keefe, Bruyette & Woods cut their price target on 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. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. decreased their price target on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company reduced their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has issued 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 stock presently has an average rating of “Moderate Buy” and an average price target of $45.50.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN opened at $40.78 on Friday. 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 has a 50-day moving average of $42.09 and a 200-day moving average of $44.58. The Baldwin Insurance Group, Inc. has a 52 week low of $21.70 and a 52 week high of $55.82. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of -63.72, a PEG ratio of 1.20 and a beta of 1.64.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.