Peregrine Capital Management LLC Has $19.19 Million Stock Position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Peregrine Capital Management LLC increased its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 429,484 shares of the company's stock after buying an additional 12,908 shares during the period. Baldwin Insurance Group comprises 0.6% of Peregrine Capital Management LLC's investment portfolio, making the stock its 28th largest holding. Peregrine Capital Management LLC owned approximately 0.37% of Baldwin Insurance Group worth $19,194,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new position in Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Assetmark Inc. acquired a new stake in Baldwin Insurance Group in the fourth quarter valued at about $38,000. Premier Fund Managers Ltd acquired a new position in Baldwin Insurance Group during the fourth quarter worth $44,000. Parkside Financial Bank & Trust acquired a new position in Baldwin Insurance Group during the fourth quarter worth about $59,000. Finally, Johnson Financial Group Inc. purchased a new stake in Baldwin Insurance Group during the fourth quarter worth $63,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 117,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the transaction, the chief executive officer directly owned 27,676 shares in the company, valued at $1,102,335.08. The trade was a 80.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Morgan Roche sold 26,679 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53. Following the sale, the insider owned 42,113 shares of the company's stock, valued at approximately $1,687,467.91. This represents a 38.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 451,380 shares of company stock valued at $17,731,131 in the last ninety days. 20.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BWIN. Jefferies Financial Group increased their target price on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company increased their price target on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Wall Street Zen raised Baldwin Insurance Group from a "sell" rating to a "hold" rating in a report on Sunday. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, BMO Capital Markets dropped their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $44.83.

Baldwin Insurance Group Trading Down 2.9%

Shares of Baldwin Insurance Group stock traded down $1.23 during trading hours on Tuesday, hitting $41.58. The company's stock had a trading volume of 701,854 shares, compared to its average volume of 598,742. The company has a market capitalization of $4.93 billion, a PE ratio of -79.96, a price-to-earnings-growth ratio of 1.66 and a beta of 1.64. Baldwin Insurance Group, Inc. has a 12 month low of $34.22 and a 12 month high of $55.82. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50 day moving average of $39.93 and a 200 day moving average of $40.50.

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.