3,010,000 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Bamco Inc. NY

Bamco Inc. NY bought 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 disclosure with the Securities and Exchange Commission. The fund bought 3,010,000 shares of the company's stock, valued at approximately $116,668,000. Bamco Inc. NY owned 2.56% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BWIN. JPMorgan Chase & Co. increased its holdings in The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at approximately $263,000. Diversified Trust Co bought a new position in The Baldwin Insurance Group during the 4th quarter worth approximately $788,000. Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $5,115,000. Finally, Harbor Capital Advisors Inc. acquired a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $2,000,000. Institutional investors own 77.49% of the company's stock.

Insiders Place Their Bets

In other news, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the sale, the chief executive officer now owns 13,302 shares of the company's stock, valued at approximately $523,167.66. This represents a 54.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the transaction, the director now owns 90,099 shares in the company, valued at approximately $3,623,781.78. The trade was a 27.92 % 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 three months. 20.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Jefferies Financial Group boosted their target price 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. BMO Capital Markets started coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective for the company. Keefe, Bruyette & Woods cut their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company raised their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $45.29.

The Baldwin Insurance Group Stock Down 1.1 %

BWIN traded down $0.43 during trading hours on Friday, hitting $38.96. 165,810 shares of the company's stock were exchanged, compared to its average volume of 559,103. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of -60.88, a PEG ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The stock's 50-day moving average is $41.98 and its two-hundred day moving average is $42.45. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

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.