William Blair Investment Management LLC Invests $190.22 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

William Blair Investment Management LLC bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,907,589 shares of the company's stock, valued at approximately $190,218,000. William Blair Investment Management LLC owned 4.17% of The Baldwin Insurance Group as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $5,115,000. JPMorgan Chase & Co. grew its position in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $788,000. Harbor Capital Advisors Inc. acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group in the third quarter worth approximately $263,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Trevor Baldwin sold 15,902 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $523,167.66. The trade was a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction on Thursday, February 27th. The shares were 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 $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 over the last quarter. 20.14% of the stock is currently owned by insiders.

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The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded up $0.77 during trading hours on Friday, reaching $43.89. 1,595,357 shares of the company's stock were exchanged, compared to its average volume of 537,673. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of -68.58, a P/E/G ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The company has a 50-day moving average of $40.49 and a 200 day moving average of $44.22.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BWIN shares. 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 for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of "Moderate Buy" and an average target price of $43.50.

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.