Schneider Downs Wealth Management Advisors LP Invests $318,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,200 shares of the company’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWIN. Elevation Wealth Partners LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. First Horizon Advisors Inc. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $55,000. Venturi Wealth Management LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $66,000. Finally, Amalgamated Bank bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $81,000. Institutional investors own 77.49% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut 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. Finally, Keefe, Bruyette & Woods cut 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Stock Performance

BWIN opened at $40.61 on Thursday. 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 $4.78 billion, a price-to-earnings ratio of -63.45, a PEG ratio of 1.17 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a 52-week low of $26.08 and a 52-week high of $55.82. The firm’s fifty day simple moving average is $39.81 and its two-hundred day simple moving average is $44.61.

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.