Sei Investments Co. Makes New $12.87 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Sei Investments Co. purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 331,957 shares of the company's stock, valued at approximately $12,867,000. Sei Investments Co. owned about 0.28% of The Baldwin Insurance Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWIN. William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $190,218,000. JPMorgan Chase & Co. increased its holdings 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 valued at $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $37,091,000. Lord Abbett & CO. LLC bought a new position in The Baldwin Insurance Group in the 3rd quarter valued at $29,447,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter worth $21,623,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Up 4.9 %

Shares of NASDAQ:BWIN traded up $2.17 during trading on Wednesday, hitting $46.10. 585,397 shares of the company's stock were exchanged, compared to its average volume of 554,971. The firm has a 50-day moving average price of $41.51 and a two-hundred day moving average price of $44.12. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The firm has a market cap of $5.42 billion, a P/E ratio of -72.03, a PEG ratio of 1.17 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in 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 for the company in a research note on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $44.86.

Insiders Place Their Bets

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

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.