Nicholas Company Inc. Acquires Shares of 184,940 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Nicholas Company Inc. purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 184,940 shares of the company's stock, valued at approximately $7,168,000. Nicholas Company Inc. owned about 0.16% of The Baldwin Insurance Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $37,091,000. Lord Abbett & CO. LLC bought a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth about $29,447,000. Charles Schwab Investment Management Inc. acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $21,623,000. Finally, Tributary Capital Management LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $18,287,000. Institutional investors own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BWIN. Keefe, Bruyette & Woods decreased their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

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Insiders Place Their Bets

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the business'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 sale, the chief executive officer now owns 13,302 shares of the company's stock, valued at $523,167.66. The trade was a 54.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the transaction, the general counsel now owns 8,813 shares of the company's stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded down $0.17 during mid-day trading on Thursday, hitting $43.12. The company had a trading volume of 626,673 shares, compared to its average volume of 532,621. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The firm has a market cap of $5.07 billion, a P/E ratio of -67.38, a PEG ratio of 1.17 and a beta of 1.72. The business's 50-day simple moving average is $40.36 and its 200-day simple moving average is $44.22. 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 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.