2,259,342 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Capital Research Global Investors

Capital Research Global Investors bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,259,342 shares of the company's stock, valued at approximately $87,572,000. Capital Research Global Investors owned about 1.92% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $33,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $38,000. Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $44,000. Finally, First Horizon Advisors Inc. bought a new position in The Baldwin Insurance Group during the fourth quarter worth $55,000. Institutional investors own 77.49% of the company's stock.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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. This trade represents a 58.24 % 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 valued at $5,330,639 in the last quarter. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Performance

Shares of BWIN traded down $1.11 during mid-day trading on Friday, reaching $41.96. 417,783 shares of the company's stock traded hands, compared to its average volume of 557,331. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The stock has a market capitalization of $4.93 billion, a P/E ratio of -65.56, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The business's 50-day moving average price is $41.81 and its 200-day moving average price is $43.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their target price on shares of 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. Jefferies Financial Group increased their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company raised their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.29.

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.