Peregrine Capital Management LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Peregrine Capital Management LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 416,576 shares of the company's stock, valued at approximately $16,146,000. Peregrine Capital Management LLC owned about 0.35% of The Baldwin Insurance Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWIN. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $66,000. KBC Group NV acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $127,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $200,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

BWIN stock traded down $1.07 during midday trading on Friday, reaching $39.18. 347,329 shares of the company were exchanged, compared to its average volume of 469,095. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average price of $39.90 and a two-hundred day moving average price of $44.62. The Baldwin Insurance Group, Inc. has a one year low of $26.08 and a one year high of $55.82. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of -61.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.63.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWIN. JPMorgan Chase & Co. lowered their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus price target of $45.50.

About The Baldwin Insurance Group

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.