8,398,745 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Fmr LLC

FMR LLC bought 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 filing with the SEC. The institutional investor bought 8,398,745 shares of the company's stock, valued at approximately $325,535,000. FMR LLC owned about 7.14% of The Baldwin Insurance Group as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BWIN. Russell Investments Group Ltd. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $2,439,000. Envestnet Asset Management Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $4,218,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $522,000. Wells Fargo & Company MN acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at $2,937,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in The Baldwin Insurance Group during the fourth quarter worth about $271,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Insider Activity

In other news, CEO Trevor Baldwin sold 15,902 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is currently owned by corporate insiders.

The Baldwin Insurance Group Stock Up 0.5 %

NASDAQ BWIN traded up $0.19 during trading hours on Wednesday, hitting $43.24. The company had a trading volume of 31,708 shares, compared to its average volume of 560,746. The firm's 50 day moving average is $41.68 and its 200 day moving average is $43.59. 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, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of -67.57, a P/E/G ratio of 1.17 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several research firms have commented on BWIN. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective for the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Jefferies Financial Group lifted their price target 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 upped their price objective 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, Keefe, Bruyette & Woods reduced their target price on 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. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.