Shares of Baldwin Insurance Group (NASDAQ:BWIN) rose 3.6% after acquiring Obie, an insurance platform for landlords. The deal expands Baldwin’s offerings in the real estate investor market. Analysts at Wells Fargo increased their price target to $27.00. Baldwin closed at $26.58, up 4.3%. The market sees this as a meaningful move, but not a game changer. This follows a recent acquisition of Capstone Group, which boosted Baldwin’s national platform. The stock is up 11.8% this year, trading 42.7% below its 52-week high. Investors who bought 5 years ago would have a $1,003 investment.

Investors are keeping a close watch on Baldwin Insurance Group (NASDAQ:BWIN) as the stock has been quite volatile, with 18 moves greater than 5% in the past year. The recent acquisition of Obie and Capstone Group have been viewed positively by the market, indicating growth prospects for the company. Despite being up 11.8% this year, the stock is still trading significantly below its 52-week high.

Now may be a good time to consider Baldwin Insurance Group (NASDAQ:BWIN) as the company continues to make strategic acquisitions to enhance its offerings in the real estate investor market. With shares up 11.8% this year and trading below its 52-week high, there may be potential for further growth as Baldwin expands its national platform.

Read more at StockStory: Baldwin Insurance Group (BWIN) Stock Trades Up, Here Is Why