Fenimore Asset Management Inc Invests $15.23 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Fenimore Asset Management Inc acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 340,727 shares of the company's stock, valued at approximately $15,227,000. Fenimore Asset Management Inc owned 0.29% of The Baldwin Insurance Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heritage Family Offices LLP purchased a new position in shares of The Baldwin Insurance Group during the 1st quarter valued at approximately $243,000. Rhumbline Advisers lifted its position in shares of The Baldwin Insurance Group by 3.9% during the 1st quarter. Rhumbline Advisers now owns 93,160 shares of the company's stock valued at $4,163,000 after buying an additional 3,478 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of The Baldwin Insurance Group by 10,061.5% during the 1st quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock valued at $813,000 after buying an additional 18,010 shares in the last quarter. Moody National Bank Trust Division purchased a new position in The Baldwin Insurance Group in the 1st quarter valued at $245,000. Finally, California State Teachers Retirement System purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $2,419,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen lowered The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday. Wells Fargo & Company raised their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective on the stock. Jefferies Financial Group raised their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, The Baldwin Insurance Group has an average rating of "Hold" and a consensus target price of $45.33.

The Baldwin Insurance Group Stock Up 1.5%

Shares of BWIN opened at $38.63 on Monday. The Baldwin Insurance Group, Inc. has a 52-week low of $31.47 and a 52-week high of $55.82. The company has a market capitalization of $4.58 billion, a PE ratio of -60.36, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65. The stock has a fifty day simple moving average of $40.51 and a two-hundred day simple moving average of $41.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares of the company's stock, valued at $523,167.66. The trade was a 54.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Morgan Roche sold 3,572 shares of The Baldwin Insurance Group stock in a transaction dated Friday, May 16th. The shares were 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 directly owns 86,828 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 273,449 shares of company stock valued at $10,801,336. 18.51% of the stock is currently owned by insiders.

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.

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