Bessemer Group Inc. Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Bessemer Group Inc. purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 31,580 shares of the company's stock, valued at approximately $1,224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BWIN. FMR LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $325,535,000. Vanguard Group Inc. purchased a new stake in The Baldwin Insurance Group during the fourth quarter worth $255,331,000. William Blair Investment Management LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $190,218,000. JPMorgan Chase & Co. raised its stake in shares of The Baldwin Insurance Group by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,673,944 shares of the company's stock worth $64,882,000 after buying an additional 438,076 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $60,586,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BWIN. BMO Capital Markets started 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 for the company. Jefferies Financial Group increased their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company boosted their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $45.29.

Insider Buying and Selling

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

The Baldwin Insurance Group Trading Down 1.5 %

Shares of BWIN stock traded down $0.64 during trading hours on Friday, hitting $42.13. 405,185 shares of the company were exchanged, compared to its average volume of 561,064. The firm has a fifty day moving average of $41.74 and a 200 day moving average of $43.39. 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 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 $4.95 billion, a PE ratio of -65.83, a PEG ratio of 1.17 and a beta of 1.52.

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.