Madison Investment Advisors LLC Acquires New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Madison Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 81,541 shares of the company’s stock, valued at approximately $3,161,000.

A number of other hedge funds have also recently added to or reduced their stakes in BWIN. Swiss National Bank acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $5,085,000. King Luther Capital Management Corp acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $1,344,000. PNC Financial Services Group Inc. acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $478,000. Raymond James Financial Inc. acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $1,512,000. Finally, Arizona State Retirement System acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $751,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BWIN. Keefe, Bruyette & Woods reduced their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced 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 research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Trading Up 1.8 %

Shares of The Baldwin Insurance Group stock opened at $43.89 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. 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 market capitalization of $5.16 billion, a P/E ratio of -68.58, a P/E/G ratio of 1.17 and a beta of 1.72. The business has a 50 day moving average price of $40.65 and a 200 day moving average price of $44.19.

Insider Buying and Selling

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. The trade was a 46.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $1,403,718.22. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 in the last ninety days. 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.