Dynamic Technology Lab Private Ltd Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Dynamic Technology Lab Private Ltd bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,460 shares of the company's stock, valued at approximately $522,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC purchased a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $33,000. Assetmark Inc. acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at $38,000. Premier Fund Managers Ltd purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $44,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $55,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Up 1.8 %

Shares of NASDAQ:BWIN traded up $0.74 during midday trading on Friday, hitting $42.46. 408,057 shares of the company's stock traded hands, compared to its average volume of 563,979. The firm's fifty day moving average price is $41.61 and its two-hundred day moving average price is $43.64. 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 twelve month low of $31.47 and a twelve month high of $55.82. The company has a market cap of $4.99 billion, a PE ratio of -66.34, a P/E/G ratio of 1.17 and a beta of 1.52.

Analyst Ratings Changes

Several equities analysts recently weighed in on BWIN shares. Keefe, Bruyette & Woods reduced 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 report on Friday, January 10th. Jefferies Financial Group increased 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. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price for the company. 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 research note on Thursday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

Insiders Place Their Bets

In related news, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction 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. The trade was a 46.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the company's 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 owns 90,099 shares of the company's stock, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock worth $5,330,639 over the last quarter. 20.14% of the stock is owned by corporate insiders.

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.