Baird Financial Group Inc. Buys Shares of 55,831 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Baird Financial Group Inc. acquired a new stake 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 and Exchange Commission. The institutional investor acquired 55,831 shares of the company's stock, valued at approximately $2,164,000.

A number of other hedge funds have also made changes to their positions in BWIN. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $36,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at $38,000. Finally, Premier Fund Managers Ltd bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

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

The Baldwin Insurance Group Trading Down 1.5%

Shares of BWIN traded down $0.58 on Friday, reaching $39.22. 478,357 shares of the company's stock were exchanged, compared to its average volume of 560,843. The business has a 50 day moving average price of $41.90 and a two-hundred day moving average price of $41.91. 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 $4.61 billion, a P/E ratio of -61.28, a price-to-earnings-growth 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.

Insider Activity at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the sale, the director now owns 90,099 shares in the company, valued at approximately $3,623,781.78. This represents a 27.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at $3,274,917.80. This represents a 46.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 228,711 shares of company stock worth $9,144,458 over the last ninety days. Company insiders own 18.51% of the company's stock.

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.