BI Asset Management Fondsmaeglerselskab A S Makes New $1.80 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

BI Asset Management Fondsmaeglerselskab A S purchased 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 firm purchased 46,463 shares of the company's stock, valued at approximately $1,801,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $33,000. Assetmark Inc. bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $38,000. Premier Fund Managers Ltd bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $44,000. Finally, First Horizon Advisors Inc. bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $55,000. 77.49% of the stock is owned by institutional investors.

Insider Activity

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction that occurred 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 owns 8,813 shares of the company's stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the completion of the transaction, the chief executive officer now directly 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 sold a total of 131,836 shares of company stock valued at $5,330,639 in the last 90 days. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Trading Down 2.6 %

Shares of The Baldwin Insurance Group stock traded down $1.11 during mid-day trading on Friday, hitting $41.96. The stock had a trading volume of 417,783 shares, compared to its average volume of 557,331. The firm has a 50-day moving average of $41.81 and a two-hundred day moving average of $43.07. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. 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 firm has a market cap of $4.93 billion, a P/E ratio of -65.56, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

Wall Street Analyst Weigh In

BWIN has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. 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. BMO Capital Markets initiated 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 price target for the company. Jefferies Financial Group increased their price target on shares of 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.29.

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.