First Horizon Advisors Inc. Makes New $55,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

First Horizon Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,415 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $33,000. Venturi Wealth Management LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $66,000. KBC Group NV bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $127,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $200,000. 77.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Price Performance

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 business has a 50 day simple moving average of $39.85 and a 200 day simple moving average of $44.55. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of -62.45, a PEG ratio of 1.17 and a beta of 1.63.

Analysts Set New Price Targets

A number of brokerages have recently commented on BWIN. JPMorgan Chase & Co. lowered their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods lowered their target price on 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. Finally, Wells Fargo & Company lowered their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

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.