Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 58,367 shares of Baldwin Insurance Group, Inc. during Q1, valued at approximately $2.6 million.
• Multiple institutional investors have recently increased their stakes in Baldwin Insurance Group, contributing to 77.49% of the company's ownership.
• Baldwin Insurance Group's stock has experienced a decline of 1.5%, trading at $36.79, with an analyst consensus rating of "Hold" and an average price target of $45.17.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 58,367 shares of the company's stock, valued at approximately $2,608,000.

A number of other institutional investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. bought a new stake in Baldwin Insurance Group during the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new position in shares of Baldwin Insurance Group during the 4th quarter worth $63,000. Continuum Advisory LLC bought a new position in Baldwin Insurance Group in the 4th quarter worth about $75,000. State of Wyoming bought a new position in Baldwin Insurance Group in the 4th quarter worth about $82,000. Finally, Tower Research Capital LLC TRC bought a new position in Baldwin Insurance Group in the 4th quarter worth about $85,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Baldwin Insurance Group Stock Performance

BWIN stock traded down $1.53 during trading on Friday, reaching $35.31. The stock had a trading volume of 748,592 shares, compared to its average volume of 618,599. The stock's 50 day moving average is $40.00 and its two-hundred day moving average is $40.79. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. Baldwin Insurance Group, Inc. has a 52 week low of $34.22 and a 52 week high of $55.82. The firm has a market cap of $4.18 billion, a PE ratio of -67.90, a PEG ratio of 1.43 and a beta of 1.64.

Insider Transactions at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 42,113 shares of the company's stock, valued at $1,687,467.91. This trade represents a 38.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was 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 valued at $17,731,131 over the last quarter. 18.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BWIN. BMO Capital Markets dropped their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Wells Fargo & Company boosted their target price on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research note on Thursday, July 10th. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group boosted their target price on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two equities research 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, the company presently has a consensus rating of "Hold" and an average price target of $45.17.

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.