Renaissance Technologies LLC Takes $1.81 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Renaissance Technologies LLC acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 46,600 shares of the company's stock, valued at approximately $1,806,000.

Other large investors have also recently made changes to their positions in the company. FMR LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $325,535,000. Vanguard Group Inc. purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $255,331,000. William Blair Investment Management LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter valued at $190,218,000. Geode Capital Management LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter valued at $60,586,000. Finally, JPMorgan Chase & Co. grew its position in 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 purchasing an additional 1,175,484 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their target price on 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. Wells Fargo & Company raised their price objective 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. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

Insider Buying and Selling

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction 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 transaction, the general counsel now directly owns 8,813 shares of the company's stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. The trade was a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock worth $5,330,639 in the last 90 days. Insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Price Performance

BWIN traded up $0.98 during midday trading on Friday, hitting $41.73. 92,355 shares of the company traded hands, compared to its average volume of 555,754. The business has a 50 day simple moving average of $41.95 and a two-hundred day simple moving average of $42.91. 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 $4.91 billion, a price-to-earnings ratio of -65.20, a PEG ratio of 1.17 and a beta of 1.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

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.