William Blair Investment Management LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

William Blair Investment Management LLC bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, HoldingsChannel reports. The fund bought 4,907,589 shares of the company’s stock, valued at approximately $190,218,000.

Several other hedge funds also recently bought and sold shares of the stock. Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. Assetmark Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. First Horizon Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $55,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Up 3.0 %

Shares of NASDAQ:BWIN opened at $39.97 on Monday. 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 $26.08 and a 1 year high of $55.82. The stock has a market capitalization of $4.70 billion, a P/E ratio of -62.45, a PEG ratio of 1.17 and a beta of 1.72. The stock has a 50-day simple moving average of $40.05 and a 200-day simple moving average of $44.31.

Analysts Set New Price Targets

Several research analysts have recently commented on BWIN shares. Keefe, Bruyette & Woods lowered their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their target price on shares of 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. Finally, Wells Fargo & Company cut their price objective 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. 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 company. According to MarketBeat, The Baldwin Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Insiders Place Their Bets

In related news, CEO Trevor Baldwin sold 15,902 shares of the company’s stock in a transaction that occurred 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 directly owns 13,302 shares of the company’s stock, valued at approximately $523,167.66. This represents a 54.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares in the company, valued at $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock worth $5,330,639 in the last 90 days. 20.14% of the stock is owned by company insiders.

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.