Venator Management LLC Invests $28.01 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Venator Management LLC purchased 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 SEC. The institutional investor purchased 722,570 shares of the company's stock, valued at approximately $28,007,000. The Baldwin Insurance Group accounts for approximately 8.1% of Venator Management LLC's holdings, making the stock its 6th largest position. Venator Management LLC owned 0.61% of The Baldwin Insurance Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at about $33,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $38,000. Premier Fund Managers Ltd acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $44,000. Finally, First Horizon Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Insider Activity

In other news, Director Lowry Baldwin sold 34,901 shares of the firm's stock in a transaction 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 sale, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

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

The Baldwin Insurance Group Stock Down 3.9 %

BWIN traded down $1.75 on Friday, hitting $43.40. 394,184 shares of the company were exchanged, compared to its average volume of 555,739. The firm has a 50-day moving average price of $41.59 and a two-hundred day moving average price of $44.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. 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 $5.10 billion, a price-to-earnings ratio of -67.71, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72.

The Baldwin Insurance Group Company 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.