Madison Investment Advisors LLC Buys New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Madison Investment Advisors 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 81,541 shares of the company's stock, valued at approximately $3,161,000. Madison Investment Advisors LLC owned 0.07% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $33,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $38,000. First Horizon Advisors Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $55,000. Finally, Parkside Financial Bank & Trust purchased a new position in The Baldwin Insurance Group in the fourth quarter worth $59,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods dropped their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.

Remove Ads

The Baldwin Insurance Group Trading Down 3.8 %

Shares of NASDAQ:BWIN traded down $1.77 on Wednesday, reaching $44.64. 671,859 shares of the company traded hands, compared to its average volume of 541,076. The stock has a market capitalization of $5.25 billion, a P/E ratio of -69.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The business's 50-day simple moving average is $41.01 and its 200 day simple moving average is $44.16. 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 52 week low of $31.47 and a 52 week high of $55.82.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares in the company, valued at approximately $3,274,917.80. The trade was a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 in the last ninety days. 20.14% of the stock is owned by company insiders.

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.