Select Equity Group L.P. Acquires New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Select Equity Group L.P. bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 33,741 shares of the company's stock, valued at approximately $1,308,000.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BWIN shares. JPMorgan Chase & Co. restated 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 report on Tuesday, April 8th. Wells Fargo & Company upped 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. BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. Finally, Jefferies Financial Group boosted their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.33.

Insider Activity

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $39.00, for a total transaction of $2,437,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James Morgan Roche sold 3,572 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88. Following the completion of the sale, the insider now owns 86,828 shares in the company, valued at approximately $3,476,593.12. This trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 246,505 shares of company stock worth $9,856,503. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Stock Up 0.1%

Shares of BWIN stock traded up $0.02 during trading hours on Friday, reaching $38.12. The company had a trading volume of 119,655 shares, compared to its average volume of 555,726. The company has a market capitalization of $4.52 billion, a P/E ratio of -59.44, 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 quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82. The stock's fifty day simple moving average is $41.79 and its 200 day simple moving average is $41.73.

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.