Granite Investment Partners LLC Makes New $11.53 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Granite Investment Partners LLC bought a new position 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 Securities and Exchange Commission. The institutional investor bought 297,367 shares of the company's stock, valued at approximately $11,526,000. Granite Investment Partners LLC owned 0.25% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC purchased a new stake 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. purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $55,000. Institutional investors own 77.49% of the company's stock.

Insider Transactions at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm'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 transaction, the general counsel now directly owns 8,813 shares of the company's stock, valued at approximately $366,092.02. This trade represents a 58.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group 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 transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock worth $5,330,639 in the last ninety days. Insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Performance

BWIN stock traded down $0.64 on Friday, hitting $42.13. The company had a trading volume of 405,185 shares, compared to its average volume of 561,064. 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 12-month low of $31.47 and a 12-month high of $55.82. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of -65.83, a P/E/G ratio of 1.17 and a beta of 1.52. The stock's 50-day simple moving average is $41.70 and its 200 day simple moving average is $43.53.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of recent research reports. BMO Capital Markets assumed coverage on 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. 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. Wells Fargo & Company raised their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued 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, Jefferies Financial Group boosted their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

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.