Point72 Asset Management L.P. Purchases New Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Point72 Asset Management L.P. purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 317,273 shares of the company's stock, valued at approximately $12,298,000. Point72 Asset Management L.P. owned 0.27% of The Baldwin Insurance Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $33,000. TD Waterhouse Canada Inc. bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $36,000. Assetmark Inc. bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $38,000. Finally, Premier Fund Managers Ltd bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 77.49% of the company's stock.

The Baldwin Insurance Group Trading Down 0.3%

Shares of The Baldwin Insurance Group stock traded down $0.10 during trading hours on Friday, hitting $38.00. The company's stock had a trading volume of 358,783 shares, compared to its average volume of 556,735. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The stock has a 50 day moving average of $41.72 and a 200 day moving average of $41.69. The company has a market capitalization of $4.50 billion, a PE ratio of -59.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Analyst Upgrades and Downgrades

BWIN has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on 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. JPMorgan Chase & Co. reiterated 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. Wells Fargo & Company upped 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. Finally, Jefferies Financial Group upped 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. 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 MarketBeat, The Baldwin Insurance Group currently has a consensus rating of "Hold" and a consensus target price of $45.33.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 21,035 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $40.05, for a total value of $842,451.75. Following the completion of the sale, the insider now directly owns 117,962 shares in the company, valued at $4,724,378.10. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the sale, the director now owns 90,099 shares of the company's stock, valued at $3,623,781.78. This trade represents a 27.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,505 shares of company stock worth $9,856,503 over the last ninety days. 20.14% of the stock is currently owned by corporate insiders.

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.