T. Rowe Price Investment Management Inc. Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

T. Rowe Price Investment Management Inc. 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 1,993,871 shares of the company's stock, valued at approximately $77,283,000. T. Rowe Price Investment Management Inc. owned 1.70% of The Baldwin Insurance Group at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group upped their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company increased 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. BMO Capital Markets assumed coverage on 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. Finally, Keefe, Bruyette & Woods cut their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Stock Up 1.1 %

The Baldwin Insurance Group stock traded up $0.46 during mid-day trading on Thursday, hitting $42.08. 113,758 shares of the company's stock were exchanged, compared to its average volume of 555,726. 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 stock has a market cap of $4.95 billion, a P/E ratio of -65.88, a P/E/G ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The stock has a 50 day moving average of $41.93 and a two-hundred day moving average of $42.99.

Insider Activity

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group 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 transaction, the general counsel now directly owns 8,813 shares of the company's stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is owned by insiders.

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.