Loomis Sayles & Co. L P Takes $44.25 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Loomis Sayles & Co. L P acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,141,544 shares of the company’s stock, valued at approximately $44,246,000. Loomis Sayles & Co. L P owned approximately 0.97% of The Baldwin Insurance Group as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on BWIN. Keefe, Bruyette & Woods dropped their price target 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. Wells Fargo & Company cut their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of 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, BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a report on Thursday. They set an “outperform” rating and a $53.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.86.

The Baldwin Insurance Group Trading Up 3.2 %

Shares of The Baldwin Insurance Group stock opened at $46.05 on Friday. The stock has a market cap of $5.42 billion, a PE ratio of -71.95, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The firm has a fifty day moving average price of $41.22 and a 200 day moving average price of $44.18. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares in the company, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group 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 directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 131,836 shares of company stock valued at $5,330,639. Company insiders own 20.14% of the company’s stock.

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.