HHM Wealth Advisors LLC Buys New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

HHM Wealth Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,270 shares of the company’s stock, valued at approximately $243,000.

Several other large investors have also recently added to or reduced their stakes in BWIN. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. KBC Group NV bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $127,000. Flagship Harbor Advisors LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $200,000. Peapack Gladstone Financial Corp acquired a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at $263,000. Finally, Cetera Trust Company N.A bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $212,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Trading Up 0.1 %

Shares of BWIN opened at $40.99 on Tuesday. The stock’s fifty day simple moving average is $41.52 and its 200-day simple moving average is $44.74. The firm has a market capitalization of $4.82 billion, a PE ratio of -64.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a 12-month low of $21.70 and a 12-month high of $55.82. 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 Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. As a group, research analysts predict that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BWIN shares. JPMorgan Chase & Co. reduced 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. Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods decreased their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Jefferies Financial Group lifted their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, The Baldwin Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price 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.