Summit Creek Advisors LLC Makes New $8.10 Million Investment in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Key Points

• Summit Creek Advisors LLC invested approximately $8.10 million in Baldwin Insurance Group by purchasing 181,142 shares, representing a 0.15% stake in the company.
• Institutional investors own a significant majority of the company, with overall holdings reaching 77.49%, indicating strong institutional interest in Baldwin Insurance Group.
• Analyst ratings have varied, with some firms raising price objectives while others issued sell ratings, leading to an average rating of "Hold" and a consensus target price of $45.17.

Summit Creek Advisors LLC purchased a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 181,142 shares of the company's stock, valued at approximately $8,095,000. Summit Creek Advisors LLC owned 0.15% of Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC purchased a new position in shares of Baldwin Insurance Group in the 4th quarter valued at about $10,381,000. Bamco Inc. NY purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $116,668,000. KBC Group NV grew its position in shares of Baldwin Insurance Group by 12.1% in the first quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after purchasing an additional 396 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Baldwin Insurance Group by 10,061.5% in the first quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock valued at $813,000 after purchasing an additional 18,010 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Baldwin Insurance Group by 36.4% in the first quarter. Bessemer Group Inc. now owns 43,065 shares of the company's stock valued at $1,924,000 after purchasing an additional 11,485 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on BWIN shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a report on Thursday, July 10th. Jefferies Financial Group upped their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Finally, BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Baldwin Insurance Group has an average rating of "Hold" and a consensus target price of $45.17.

Baldwin Insurance Group Stock Up 0.9%

NASDAQ:BWIN opened at $40.64 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The stock's fifty day moving average is $40.06 and its two-hundred day moving average is $40.81. Baldwin Insurance Group, Inc. has a 52 week low of $34.22 and a 52 week high of $55.82. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of -78.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64.

Insiders Place Their Bets

In other news, insider James Morgan Roche sold 26,679 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53. Following the sale, the insider directly owned 42,113 shares in the company, valued at approximately $1,687,467.91. This trade represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lowry Baldwin sold 62,500 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total value of $2,395,000.00. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock worth $17,731,131 over the last ninety days. Corporate insiders own 20.14% of the company's stock.

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.

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