California State Teachers Retirement System Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

California State Teachers Retirement System bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 62,408 shares of the company's stock, valued at approximately $2,419,000. California State Teachers Retirement System owned approximately 0.05% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BWIN. Nuveen Asset Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $10,381,000. Emerald Advisers LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $33,608,000. Principal Financial Group Inc. acquired a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $2,320,000. Bamco Inc. NY bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $116,668,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $190,218,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 7,142 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $40.08, for a total value of $286,251.36. Following the sale, the insider now directly owns 79,686 shares in the company, valued at $3,193,814.88. This represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction on Wednesday, March 12th. The stock was 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 of the company's stock, valued at $3,274,917.80. This represents a 46.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,449 shares of company stock worth $10,801,336 over the last quarter. Company insiders own 18.51% of the company's stock.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN traded down $0.49 during midday trading on Tuesday, reaching $38.44. 709,899 shares of the company's stock were exchanged, compared to its average volume of 563,000. 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 company's 50 day simple moving average is $40.37 and its two-hundred day simple moving average is $41.13. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The firm has a market capitalization of $4.56 billion, a PE ratio of -60.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BWIN. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company upped their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. Wall Street Zen downgraded The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Friday. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective on the stock. Finally, Jefferies Financial Group increased 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.33.

The Baldwin Insurance Group Company 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.