Champlain Investment Partners LLC Invests $77.72 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Champlain Investment Partners LLC acquired a new stake 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 fund acquired 2,005,171 shares of the company's stock, valued at approximately $77,720,000. Champlain Investment Partners LLC owned approximately 1.71% of The Baldwin Insurance Group as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on BWIN. Wells Fargo & Company boosted 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. 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 on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. Finally, Jefferies Financial Group boosted their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.29.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded up $1.96 during trading hours on Tuesday, hitting $42.29. 88,257 shares of the company's stock traded hands, compared to its average volume of 558,633. 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 52 week low of $31.47 and a 52 week high of $55.82. The firm has a market capitalization of $4.97 billion, a P/E ratio of -65.94, a P/E/G ratio of 1.17 and a beta of 1.52. The business's fifty day moving average price is $41.74 and its two-hundred day moving average price is $43.31.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the sale, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 8,813 shares of the company's stock, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 in the last 90 days. 20.14% of the stock is currently owned by 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.