55,831 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Baird Financial Group Inc.

Baird Financial Group Inc. acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 55,831 shares of the company’s stock, valued at approximately $2,164,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Balyasny Asset Management L.P. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $16,286,000. Bamco Inc. NY purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $116,668,000. Bank of America Corp DE purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $28,171,000. Ameriprise Financial Inc. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $378,000. Finally, Aristotle Capital Boston LLC purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $20,204,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Down 1.6%

Shares of BWIN stock opened at $38.77 on Monday. The stock’s 50-day simple moving average is $41.95 and its 200-day simple moving average is $42.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.56 billion, a PE ratio of -60.58, a P/E/G ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BWIN. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Jefferies Financial Group increased their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, April 11th. BMO Capital Markets began coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target for the company. Finally, Wells Fargo & Company increased their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.29.

Insider Activity

In other news, 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 value of $2,790,844.00. Following the transaction, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. This represents a 46.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 $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 three months, insiders have sold 131,836 shares of company stock valued at $5,330,639. Company insiders own 18.51% 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.