KLP Kapitalforvaltning AS Invests $512,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

KLP Kapitalforvaltning AS acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 13,200 shares of the company's stock, valued at approximately $512,000.

Several other hedge funds have also recently made changes to their positions in BWIN. Sei Investments Co. purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth $12,867,000. American Century Companies Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter worth $2,644,000. Quantbot Technologies LP purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $1,438,000. Boston Partners bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $20,675,000. Finally, William Blair Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $190,218,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BWIN shares. JPMorgan Chase & Co. reissued 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. BMO Capital Markets started coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price for the company. Wells Fargo & Company dropped their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods reduced their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.71.

The Baldwin Insurance Group Stock Down 6.8 %

Shares of BWIN stock traded down $2.80 during trading hours on Tuesday, hitting $38.42. 753,248 shares of the company's stock traded hands, compared to its average volume of 561,161. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock's fifty day simple moving average is $41.52 and its two-hundred day simple moving average is $43.83. 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 $4.52 billion, a price-to-earnings ratio of -60.03, a PEG ratio of 1.17 and a beta of 1.52.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the completion of the transaction, the chief executive officer now directly owns 80,663 shares in the company, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction dated 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 completion of the transaction, the director now directly owns 90,099 shares of the company's stock, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by insiders.

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.