Capital International Investors Makes New $99.04 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Capital International Investors purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,555,208 shares of the company's stock, valued at approximately $99,040,000. Capital International Investors owned approximately 2.17% of The Baldwin Insurance Group as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $713,000. Champlain Investment Partners LLC purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $77,720,000. NewEdge Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $402,000. Defined Financial Planning LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $229,000. Finally, Mariner LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $513,000. Institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Trading Up 2.2 %

Shares of BWIN traded up $0.93 during mid-day trading on Wednesday, hitting $42.70. 395,005 shares of the company's stock traded hands, compared to its average volume of 558,781. The business's 50-day moving average price is $41.75 and its 200-day moving average price is $43.30. 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 capitalization of $5.02 billion, a P/E ratio of -66.72, a PEG ratio of 1.17 and a beta of 1.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of 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. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $45.29.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares of the company's stock, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by company insiders.

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.