317,273 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 317,273 shares of the company’s stock, valued at approximately $12,298,000.

Several other large investors have also recently bought and sold shares of the company. Emerald Advisers LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $33,608,000. Principal Financial Group Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter worth about $2,320,000. Bamco Inc. NY bought a new position in The Baldwin Insurance Group in the 4th quarter worth about $116,668,000. William Blair Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $190,218,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $805,000. 77.49% of the stock is owned by institutional investors.

Insider Activity at The Baldwin Insurance Group

In other news, Director Lowry Baldwin sold 34,901 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,711 shares of company stock valued at $9,144,458. Insiders own 18.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on BWIN shares. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, April 10th. Jefferies Financial Group lifted their price objective 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. reiterated a “neutral” rating and issued a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.29.

The Baldwin Insurance Group Trading Down 1.5%

BWIN stock opened at $39.22 on Monday. The company has a market capitalization of $4.61 billion, a PE ratio of -61.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. 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 Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The company’s 50 day moving average price is $41.90 and its two-hundred day moving average price is $41.88.

The Baldwin Insurance Group 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.