Freestone Grove Partners LP Buys Shares of 101,376 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Freestone Grove Partners LP bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 101,376 shares of the company's stock, valued at approximately $3,929,000. Freestone Grove Partners LP owned about 0.09% of The Baldwin Insurance Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BWIN. Lord Abbett & CO. LLC bought a new stake in The Baldwin Insurance Group during the third quarter worth approximately $29,447,000. JPMorgan Chase & Co. boosted its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after buying an additional 1,175,484 shares during the period. Peapack Gladstone Financial Corp bought a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth $263,000. Diversified Trust Co acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at $788,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in The Baldwin Insurance Group in the 4th quarter worth $5,115,000. Institutional investors and hedge funds own 77.49% of the company's stock.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN traded up $0.99 during mid-day trading on Thursday, hitting $40.18. The company's stock had a trading volume of 217,340 shares, compared to its average volume of 558,750. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of -62.68, a P/E/G ratio of 1.17 and a beta of 1.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. The stock has a fifty day moving average of $41.98 and a 200-day moving average of $42.55.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company upped their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods lowered their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Finally, BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

Insider Activity

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the sale, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,836 shares of company stock worth $5,330,639. Company insiders own 20.14% of the company's stock.

The 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.