Point72 Asset Management L.P. Invests $12.30 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Point72 Asset Management L.P. bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 317,273 shares of the company's stock, valued at approximately $12,298,000. Point72 Asset Management L.P. owned approximately 0.27% of The Baldwin Insurance Group as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Elevation Wealth Partners LLC bought a new position in The Baldwin Insurance Group in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $33,000. TD Waterhouse Canada Inc. acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Assetmark Inc. acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $44,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, April 11th. BMO Capital Markets started coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. One research 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 data from MarketBeat, the company 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 3,572 shares of The Baldwin Insurance Group 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 sale, the insider now owns 86,828 shares of the company's stock, valued at approximately $3,476,593.12. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lowry Baldwin sold 62,500 shares of The Baldwin Insurance Group stock in a transaction on Monday, May 12th. The stock was sold at an average price of $39.00, for a total value of $2,437,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,505 shares of company stock valued at $9,856,503. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Down 0.3%

BWIN stock traded down $0.10 on Friday, reaching $38.00. 358,783 shares of the company traded hands, compared to its average volume of 556,114. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $4.50 billion, a P/E ratio of -59.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The firm has a fifty day simple moving average of $41.72 and a 200-day simple moving average of $41.72.

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.