Ensign Peak Advisors Inc Makes New $1.05 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

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

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $325,535,000. Vanguard Group Inc. acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $255,331,000. William Blair Investment Management LLC bought a new position in The Baldwin Insurance Group during the 4th quarter worth $190,218,000. Bamco Inc. NY acquired a new position in The Baldwin Insurance Group during the 4th quarter worth about $116,668,000. Finally, Capital International Investors bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $99,040,000. 77.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets started coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price on the stock. Jefferies Financial Group lifted their target price 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 upped their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. One equities 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $45.29.

The Baldwin Insurance Group Stock Down 1.1%

Shares of The Baldwin Insurance Group stock traded down $0.43 during trading hours on Tuesday, reaching $38.64. The company's stock had a trading volume of 278,403 shares, compared to its average volume of 558,377. 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 stock's fifty day simple moving average is $41.89 and its two-hundred day simple moving average is $41.84. The company has a market capitalization of $4.54 billion, a P/E ratio of -60.38, a P/E/G ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82.

Insider Transactions at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 3,572 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $40.04, for a total value of $143,022.88. Following the transaction, the insider now directly owns 86,828 shares of the company's stock, valued at approximately $3,476,593.12. The trade was a 3.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,505 shares of company stock valued at $9,856,503 over the last ninety days. 18.51% of the stock is currently owned by insiders.

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.