Kennedy Capital Management LLC Buys Shares of 352,621 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Kennedy Capital Management LLC purchased a new position in shares of 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 and Exchange Commission (SEC). The fund purchased 352,621 shares of the company's stock, valued at approximately $13,668,000. Kennedy Capital Management LLC owned about 0.30% of The Baldwin Insurance Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $33,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Premier Fund Managers Ltd bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $44,000. Finally, First Horizon Advisors Inc. purchased a new position in The Baldwin Insurance Group in the 4th quarter worth $55,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, Director Lowry Baldwin sold 34,901 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares of the company's stock, valued at $3,623,781.78. The trade was a 27.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the sale, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. The trade was a 46.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by corporate insiders.

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The Baldwin Insurance Group Trading Up 2.3 %

NASDAQ BWIN traded up $0.97 during trading on Monday, hitting $43.43. The company had a trading volume of 425,263 shares, compared to its average volume of 563,367. The company's fifty day moving average is $41.61 and its 200-day moving average is $43.64. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. 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 has a market cap of $5.11 billion, a price-to-earnings ratio of -67.86, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday. BMO Capital Markets began 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Company 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.