Quantbot Technologies LP Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Quantbot Technologies LP purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,111 shares of the company’s stock, valued at approximately $1,438,000.

A number of other large investors have also made changes to their positions in the stock. Elevation Wealth Partners LLC purchased a new stake in The Baldwin Insurance Group during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $33,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $38,000. First Horizon Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $55,000. Finally, Parkside Financial Bank & Trust purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Trading Up 4.4 %

Shares of BWIN stock opened at $45.82 on Tuesday. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of -71.59, a PEG ratio of 1.17 and a beta of 1.72. The firm has a 50-day moving average price of $40.84 and a 200 day moving average price of $44.16. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BWIN. Wells Fargo & Company lowered their target price on 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. JPMorgan Chase & Co. cut their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.50.

Insider Activity at The Baldwin Insurance Group

In other news, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the sale, the director now owns 90,099 shares of the company’s stock, valued at $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the transaction, the chief executive officer now owns 80,663 shares of the company’s stock, valued at $3,274,917.80. The trade was 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 have sold 131,836 shares of company stock valued at $5,330,639. Company insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group 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.