Aquatic Capital Management LLC Buys Shares of 22,543 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Aquatic Capital Management LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,543 shares of the company's stock, valued at approximately $874,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $36,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $44,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the transaction, the chief executive officer now directly owns 80,663 shares of the company's stock, valued at $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 in the last 90 days. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded down $0.97 during trading hours on Monday, reaching $40.92. 387,900 shares of the stock were exchanged, compared to its average volume of 557,149. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of -63.92, a P/E/G ratio of 1.17 and a beta of 1.52. The stock's fifty day simple moving average is $42.00 and its 200 day simple moving average is $42.68. 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 Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BWIN shares. Wells Fargo & Company upped their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Keefe, Bruyette & Woods cut their target price 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. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $45.29.

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.