Westwood Holdings Group Inc. Invests $77.16 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Westwood Holdings Group Inc. bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,990,818 shares of the company's stock, valued at approximately $77,164,000. Westwood Holdings Group Inc. owned approximately 1.69% of The Baldwin Insurance Group as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

BWIN has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, The Baldwin Insurance Group presently has a consensus rating of "Hold" and an average price target of $45.33.

Insider Transactions at The Baldwin Insurance Group

In related news, 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 transaction, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. The trade was a 46.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Morgan Roche sold 3,572 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $40.04, for a total transaction of $143,022.88. Following the completion of the sale, the insider now directly owns 86,828 shares of the company's stock, valued at $3,476,593.12. This represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 246,505 shares of company stock valued at $9,856,503 in the last three months. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Trading Down 0.3%

The Baldwin Insurance Group stock traded down $0.10 during mid-day trading on Friday, reaching $38.00. 358,783 shares of the company traded hands, compared to its average volume of 556,114. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The firm's 50 day moving average price is $41.72 and its 200 day moving average price is $41.72. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of -59.38, a P/E/G ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a 52-week low of $31.47 and a 52-week high of $55.82.

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.