Bamco Inc. NY Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Bamco Inc. NY acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,010,000 shares of the company's stock, valued at approximately $116,668,000. Bamco Inc. NY owned approximately 2.56% of The Baldwin Insurance Group at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $33,000. TD Waterhouse Canada Inc. purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $36,000. Assetmark Inc. acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at 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 The Baldwin Insurance Group stock traded up $0.20 during trading on Tuesday, hitting $40.91. 670,755 shares of the stock were exchanged, compared to its average volume of 558,452. The stock's fifty day moving average is $42.02 and its 200 day moving average is $42.57. 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 cap of $4.81 billion, a PE ratio of -63.92, a P/E/G ratio of 1.17 and a beta of 1.77. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods lowered their target price on 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 boosted their target price on shares of 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. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their target price on 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.29.

Insider Activity

In related news, Director Lowry Baldwin sold 34,901 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the sale, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company's stock in a transaction on 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 transaction, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 over the last three months. Corporate insiders own 20.14% of the company's stock.

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.