Victory Capital Management Inc. Takes $321,000 Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Victory Capital Management Inc. purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,281 shares of the company's stock, valued at approximately $321,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter worth $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $33,000. First Horizon Advisors Inc. bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $55,000. Parkside Financial Bank & Trust acquired a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $59,000. Finally, Venturi Wealth Management LLC bought a new position in The Baldwin Insurance Group during the 4th quarter worth approximately $66,000. Institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

BWIN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target 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. Wells Fargo & Company dropped 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 report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $43.50.

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Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock valued at $5,330,639 in the last ninety days. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Performance

Shares of BWIN traded down $1.77 during midday trading on Wednesday, hitting $44.64. 671,859 shares of the stock traded hands, compared to its average volume of 541,076. The business's 50 day moving average price is $41.01 and its two-hundred day moving average price is $44.16. The firm has a market capitalization of $5.25 billion, a PE ratio of -69.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82.

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.