Nicholas Company Inc. Buys New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Nicholas Company Inc. bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 184,940 shares of the company’s stock, valued at approximately $7,168,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $1,374,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $296,000. Natixis Advisors LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $863,000. Madison Investment Advisors LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $3,161,000. Finally, Swiss National Bank purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $5,085,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BWIN. Wells Fargo & Company decreased their price objective on 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. 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 research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut their target price on 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 given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN opened at $39.97 on Friday. 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 fifty-two week low of $26.08 and a fifty-two week high of $55.82. The firm has a market capitalization of $4.70 billion, a PE ratio of -62.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The stock’s 50-day simple moving average is $40.05 and its 200-day simple moving average is $44.33.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group 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 transaction, the chief executive officer now owns 13,302 shares of the company’s stock, valued at $523,167.66. The trade was a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction that occurred 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 transaction, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 over the last quarter. 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.