BI Asset Management Fondsmaeglerselskab A S Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 46,463 shares of the company's stock, valued at approximately $1,801,000.

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

Insiders Place Their Bets

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of the business'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 owns 90,099 shares in the company, valued at $3,623,781.78. The trade was a 27.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 in the last three months. 20.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BWIN has been the topic of several recent research reports. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective on the stock. Keefe, Bruyette & Woods dropped their price target on shares of 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. Jefferies Financial Group boosted their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company raised their target price 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. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and an average target price of $45.29.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN traded down $1.11 during mid-day trading on Friday, reaching $41.96. The company's stock had a trading volume of 417,783 shares, compared to its average volume of 557,331. The stock has a fifty day moving average of $41.81 and a two-hundred day moving average of $43.19. The firm has a market capitalization of $4.93 billion, a PE ratio of -65.56, a P/E/G ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. 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 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.