Two Sigma Investments LP purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,456 shares of the company's stock, valued at approximately $1,529,000.
Other large investors also recently made changes to their positions in the company. FMR LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $325,535,000. Vanguard Group Inc. purchased a new stake in The Baldwin Insurance Group in the 4th quarter valued at $255,331,000. William Blair Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $190,218,000. Bamco Inc. NY purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $116,668,000. Finally, Capital International Investors bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $99,040,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. 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 report on Thursday, April 10th. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective for the company. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group increased their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $45.33.
Read Our Latest Report on The Baldwin Insurance Group
The Baldwin Insurance Group Price Performance
NASDAQ BWIN traded up $0.36 on Friday, hitting $38.41. The stock had a trading volume of 127,198 shares, compared to its average volume of 556,807. The firm has a 50-day moving average of $40.62 and a 200-day moving average of $41.30. 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 52-week low of $31.47 and a 52-week high of $55.82. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -59.95, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65.
Insider Activity at The Baldwin Insurance Group
In related news, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at $3,274,917.80. This trade represents a 46.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James Morgan Roche sold 21,035 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $40.05, for a total value of $842,451.75. Following the completion of the sale, the insider now directly owns 117,962 shares in the company, valued at approximately $4,724,378.10. This represents a 15.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 266,307 shares of company stock valued at $10,515,085 over the last three months. 18.51% of the stock is owned by corporate insiders.
The Baldwin Insurance Group Company Profile
(
Free Report)
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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