D. E. Shaw & Co. Inc. Invests $3.86 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

D. E. Shaw & Co. Inc. purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 99,562 shares of the company's stock, valued at approximately $3,859,000. D. E. Shaw & Co. Inc. owned about 0.08% of The Baldwin Insurance Group at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $33,000. TD Waterhouse Canada Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $36,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $44,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. This trade represents a 58.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Morgan Roche sold 3,572 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $40.04, for a total value of $143,022.88. Following the completion of the transaction, the insider now owns 86,828 shares in the company, valued at $3,476,593.12. The trade was a 3.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 246,505 shares of company stock worth $9,856,503. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN traded up $0.44 during mid-day trading on Thursday, reaching $38.10. The company had a trading volume of 416,476 shares, compared to its average volume of 557,801. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -59.53, a PEG ratio of 1.17 and a beta of 1.77. The business's 50-day simple moving average is $41.84 and its 200 day simple moving average is $41.79.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of research reports. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Jefferies Financial Group lifted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company lifted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $45.29.

About The Baldwin Insurance Group

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.