27,198 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,198 shares of the company's stock, valued at approximately $1,054,000.

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

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock traded down $0.30 on Thursday, hitting $37.36. 46,974 shares of the stock were exchanged, compared to its average volume of 556,373. The firm's 50 day moving average is $41.84 and its two-hundred day moving average is $41.79. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The firm has a market capitalization of $4.43 billion, a PE ratio of -58.30, a P/E/G ratio of 1.17 and a beta of 1.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company lifted 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 research report on Thursday, April 10th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Jefferies Financial Group upped their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Finally, BMO Capital Markets started coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

Insiders Place Their Bets

In related news, Director Lowry Baldwin sold 62,500 shares of The Baldwin Insurance Group stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $39.00, for a total value of $2,437,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Morgan Roche sold 21,035 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75. Following the sale, the insider now directly owns 117,962 shares in the company, valued at $4,724,378.10. The trade was a 15.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,505 shares of company stock worth $9,856,503 over the last quarter. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group 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.