Sapient Capital LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Sapient Capital LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the company's stock, valued at approximately $2,234,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its holdings in The Baldwin Insurance Group by 89.5% in the first quarter. Harbor Capital Advisors Inc. now owns 97,778 shares of the company's stock valued at $4,370,000 after purchasing an additional 46,171 shares during the period. Toth Financial Advisory Corp boosted its holdings in The Baldwin Insurance Group by 3.3% in the first quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company's stock valued at $775,000 after purchasing an additional 550 shares during the period. Fenimore Asset Management Inc purchased a new position in The Baldwin Insurance Group in the first quarter valued at $15,227,000. Heritage Family Offices LLP purchased a new position in The Baldwin Insurance Group in the first quarter valued at $243,000. Finally, Rhumbline Advisers boosted its holdings in The Baldwin Insurance Group by 3.9% in the first quarter. Rhumbline Advisers now owns 93,160 shares of the company's stock valued at $4,163,000 after purchasing an additional 3,478 shares during the period. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 4,496 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $39.58, for a total value of $177,951.68. Following the completion of the sale, the general counsel now directly owns 13,240 shares of the company's stock, valued at $524,039.20. The trade was a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Morgan Roche sold 21,035 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75. Following the completion of the sale, the insider now directly owns 117,962 shares of the company's stock, valued at $4,724,378.10. The trade was a 15.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 451,380 shares of company stock valued at $17,731,131 over the last ninety days. Insiders own 18.51% of the company's stock.

The Baldwin Insurance Group Stock Performance

BWIN traded down $0.41 on Monday, reaching $38.71. The company had a trading volume of 681,362 shares, compared to its average volume of 574,341. The Baldwin Insurance Group, Inc. has a 1 year low of $32.46 and a 1 year high of $55.82. The stock has a market capitalization of $4.59 billion, a PE ratio of -60.48, a P/E/G ratio of 1.17 and a beta of 1.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average price of $40.14 and a 200-day moving average price of $40.86.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BWIN shares. BMO Capital Markets decreased their target price on The Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a report on Friday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Wells Fargo & Company boosted their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. Wall Street Zen downgraded shares of The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Finally, Jefferies Financial Group boosted their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $44.83.

About The Baldwin Insurance Group

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.