BI Asset Management Fondsmaeglerselskab A S Invests $1.80 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,463 shares of the company’s stock, valued at approximately $1,801,000.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at $325,535,000. Vanguard Group Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $255,331,000. William Blair Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $190,218,000. Capital International Investors acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $99,040,000. Finally, Capital Research Global Investors purchased a new position in The Baldwin Insurance Group in the 4th quarter worth about $87,572,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on BWIN shares. Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Wells Fargo & Company raised their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, April 10th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an “outperform” rating and a $53.00 target price on the stock. Keefe, Bruyette & Woods decreased 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. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.29.

The Baldwin Insurance Group Trading Down 4.3 %

Shares of NASDAQ:BWIN opened at $40.33 on Tuesday. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. 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 firm has a market capitalization of $4.74 billion, a P/E ratio of -63.02, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The firm has a fifty day moving average of $41.74 and a two-hundred day moving average of $43.31.

Insider Activity at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 34,901 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the transaction, the director now owns 90,099 shares of the company’s stock, valued at approximately $3,623,781.78. This trade represents a 27.92 % 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, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the completion of the sale, the chief executive officer now owns 80,663 shares of the company’s stock, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,836 shares of company stock valued at $5,330,639. Insiders own 20.14% of the company’s stock.

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.