Public Employees Retirement System of Ohio Takes $3.35 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Public Employees Retirement System of Ohio acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 86,512 shares of the company's stock, valued at approximately $3,353,000. Public Employees Retirement System of Ohio owned approximately 0.07% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $44,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Trading Down 2.4%

The Baldwin Insurance Group stock traded down $0.95 during mid-day trading on Wednesday, hitting $39.45. The company's stock had a trading volume of 126,436 shares, compared to its average volume of 557,469. The firm has a market capitalization of $4.68 billion, a PE ratio of -61.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock's fifty day moving average is $40.88 and its two-hundred day moving average is $41.36.

Insider Buying and Selling

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $2,437,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,811 shares of company stock worth $10,337,133. Company insiders own 18.51% of the company's stock.

Analyst Ratings Changes

BWIN has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target for the company. Jefferies Financial Group upped their price target 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. JPMorgan Chase & Co. restated 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. Finally, Wells Fargo & Company upped their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $45.33.

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.