127,753 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Otter Creek Advisors LLC

Otter Creek Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 127,753 shares of the company's stock, valued at approximately $4,952,000. The Baldwin Insurance Group comprises 3.4% of Otter Creek Advisors LLC's holdings, making the stock its 10th biggest holding. Otter Creek Advisors LLC owned about 0.11% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BWIN. Proficio Capital Partners LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $805,000. Schneider Downs Wealth Management Advisors LP purchased a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $318,000. Amalgamated Bank purchased a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $81,000. Bank of New York Mellon Corp bought a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $37,091,000. Finally, New World Advisors LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $709,000. 77.49% of the stock is owned by institutional investors.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's 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 sale, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Elizabeth Krystyn sold 88,306 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The disclosure for this sale can be found here. Insiders sold a total of 291,906 shares of company stock worth $12,955,475 in the last three months. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Stock Performance

Shares of BWIN traded up $1.17 during trading hours on Friday, hitting $41.14. The stock had a trading volume of 670,547 shares, compared to its average volume of 493,868. The firm has a market capitalization of $4.84 billion, a PE ratio of -64.28, a PEG ratio of 1.17 and a beta of 1.63. 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, Inc. has a 12 month low of $26.08 and a 12 month high of $55.82. The stock has a fifty day moving average price of $39.88 and a 200 day moving average price of $44.58.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BWIN shares. JPMorgan Chase & Co. decreased their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods reduced their price objective on 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. Finally, Wells Fargo & Company lowered their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.

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.