722,570 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Venator Management LLC

Venator Management LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 722,570 shares of the company’s stock, valued at approximately $28,007,000. The Baldwin Insurance Group accounts for approximately 8.1% of Venator Management LLC’s investment portfolio, making the stock its 6th biggest position. Venator Management LLC owned 0.61% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BWIN. Vanguard Group Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $255,331,000. William Blair Investment Management LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at about $190,218,000. JPMorgan Chase & Co. boosted its position in The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares during the period. Loomis Sayles & Co. L P bought a new position in The Baldwin Insurance Group in the 4th quarter worth about $44,246,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $37,091,000. Institutional investors own 77.49% of the company’s stock.

Insider Activity at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now directly owns 8,813 shares of the company’s stock, valued at $366,092.02. This represents a 58.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the sale, the chief executive officer now owns 13,302 shares of the company’s stock, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock valued at $5,330,639 over the last 90 days. Insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Stock Performance

BWIN stock opened at $45.11 on Monday. The firm has a 50-day simple moving average of $41.29 and a two-hundred day simple moving average of $44.15. 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 one year low of $31.47 and a one year high of $55.82. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -70.48, a PEG ratio of 1.17 and a beta of 1.72.

Analysts Set New Price Targets

A number of analysts recently issued reports on BWIN shares. 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. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a research report on Thursday. They set an “outperform” rating and a $53.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on 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. Finally, Wells Fargo & Company lowered their price objective on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.86.

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.