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

Nicholas Company Inc. acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 184,940 shares of the company’s stock, valued at approximately $7,168,000. Nicholas Company Inc. owned approximately 0.16% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. 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 worth $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $37,091,000. Lord Abbett & CO. LLC purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at approximately $29,447,000. Charles Schwab Investment Management Inc. purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $21,623,000. Finally, Tributary Capital Management LLC purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $18,287,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Up 3.0 %

NASDAQ BWIN opened at $39.97 on Friday. The business has a fifty day moving average price of $40.05 and a 200 day moving average price of $44.33. The Baldwin Insurance Group, Inc. has a one year low of $26.08 and a one year high of $55.82. 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 company has a market cap of $4.70 billion, a P/E ratio of -62.45, a P/E/G ratio of 1.17 and a beta of 1.72.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased 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. JPMorgan Chase & Co. decreased their target price on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $43.50.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was 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 directly owns 8,813 shares of the company’s stock, valued at $366,092.02. This trade represents a 58.24 % 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 in the last three months. 20.14% of the stock is currently owned by insiders.

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.