521,256 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 521,256 shares of the company’s stock, valued at approximately $20,204,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter worth approximately $33,000. TD Waterhouse Canada Inc. acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $36,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $38,000. Finally, Premier Fund Managers Ltd bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Performance

BWIN opened at $41.89 on Friday. 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 stock’s 50 day moving average price is $42.00 and its two-hundred day moving average price is $42.84. The firm has a market capitalization of $4.93 billion, a P/E ratio of -65.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82.

Insider Activity

In other news, 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction dated 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 approximately $3,274,917.80. The trade was a 46.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

BWIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Jefferies Financial Group upped their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods cut their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an “outperform” rating and a $53.00 target price for the company. Finally, Wells Fargo & Company increased their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.29.

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.