14,023 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,023 shares of the company's stock, valued at approximately $544,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $255,331,000. William Blair Investment Management LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter worth about $190,218,000. JPMorgan Chase & Co. grew its position in shares of The Baldwin Insurance Group by 35.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,673,944 shares of the company's stock valued at $64,882,000 after buying an additional 438,076 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $60,586,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $44,246,000. Institutional investors own 77.49% of the company's stock.

Insider Activity

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 80,663 shares of the company's stock, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 over the last 90 days. 20.14% of the stock is currently owned by corporate insiders.

The Baldwin Insurance Group Stock Down 0.9 %

NASDAQ BWIN traded down $0.37 during mid-day trading on Thursday, hitting $42.40. The company's stock had a trading volume of 76,499 shares, compared to its average volume of 559,688. 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 company's 50 day simple moving average is $41.70 and its 200 day simple moving average is $43.58. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -66.26, a PEG ratio of 1.17 and a beta of 1.52.

Wall Street Analyst Weigh In

BWIN has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered 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 report on Friday, January 10th. Jefferies Financial Group boosted their target price on shares of 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 increased 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, BMO Capital Markets initiated 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 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, The Baldwin Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

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.