Price T Rowe Associates Inc. MD Takes $1.91 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Price T Rowe Associates Inc. MD acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 49,373 shares of the company's stock, valued at approximately $1,914,000.

Several other institutional investors also recently modified their holdings of BWIN. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $44,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

BWIN stock traded up $0.23 during trading hours on Tuesday, hitting $39.60. 137,520 shares of the stock were exchanged, compared to its average volume of 558,403. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. 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 firm has a market capitalization of $4.66 billion, a P/E ratio of -61.88, a P/E/G ratio of 1.17 and a beta of 1.77. The company has a 50-day simple moving average of $41.92 and a two-hundred day simple moving average of $42.15.

Insider Activity

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief executive officer now owns 80,663 shares in the company, valued at approximately $3,274,917.80. This trade represents a 46.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,836 shares of company stock valued at $5,330,639. 18.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

BWIN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Wells Fargo & Company raised their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $45.29.

About The Baldwin Insurance Group

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.