4,907,589 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,907,589 shares of the company’s stock, valued at approximately $190,218,000. William Blair Investment Management LLC owned 4.17% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Cibc World Markets Corp bought a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $242,000. Nicholas Company Inc. bought a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $7,168,000. Corient Private Wealth LLC bought a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $1,374,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $296,000. Finally, Natixis Advisors LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $863,000. 77.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BWIN has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company dropped 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Trading Up 3.0 %

NASDAQ BWIN opened at $39.97 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap 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 company has a 50 day moving average price of $40.05 and a 200 day moving average price of $44.31. The Baldwin Insurance Group, Inc. has a 52 week low of $26.08 and a 52 week high of $55.82.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the company’s stock in a transaction 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. This represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,836 shares of company stock valued at $5,330,639. 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.