Summit Creek Advisors LLC Buys New Position 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 acquired a new position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 181,142 shares of the company's stock, valued at approximately $8,095,000. Summit Creek Advisors LLC owned about 0.15% of Baldwin Insurance Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BWIN. TD Waterhouse Canada Inc. acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter worth approximately $36,000. Johnson Financial Group Inc. acquired a new stake in Baldwin Insurance Group during the 4th quarter worth $63,000. Continuum Advisory LLC purchased a new stake in shares of Baldwin Insurance Group during the fourth quarter worth $75,000. State of Wyoming acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at about $82,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $85,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Baldwin Insurance Group Trading Down 0.1%

Shares of Baldwin Insurance Group stock traded down $0.02 during trading hours on Thursday, hitting $36.77. The company's stock had a trading volume of 325,877 shares, compared to its average volume of 615,154. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of -70.66, a P/E/G ratio of 1.45 and a beta of 1.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. Baldwin Insurance Group, Inc. has a twelve month low of $34.22 and a twelve month high of $55.82. The firm has a fifty day moving average of $40.03 and a 200-day moving average of $40.78.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of Baldwin Insurance Group stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the sale, the insider directly owned 42,113 shares in the company, valued at $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 available at the SEC website. Also, CEO Trevor Baldwin sold 117,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the sale, the chief executive officer directly owned 27,676 shares in the company, valued at $1,102,335.08. This trade represents a 80.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock valued at $17,731,131 over the last 90 days. 18.51% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.