Elevation Wealth Partners LLC Buys Shares of 834 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 834 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $5,115,000. JPMorgan Chase & Co. boosted its position in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares during the period. Diversified Trust Co purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $788,000. Harbor Capital Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at $263,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company lowered their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Finally, 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 for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.50.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Stock Up 2.8 %

Shares of NASDAQ:BWIN opened at $42.26 on Monday. The Baldwin Insurance Group, Inc. has a fifty-two week low of $22.35 and a fifty-two week high of $55.82. The firm’s 50 day moving average price is $40.78 and its 200 day moving average price is $44.74. 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 stock has a market cap of $4.97 billion, a price-to-earnings ratio of -66.03, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63.

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.