Otter Creek Advisors LLC Invests $4.95 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Otter Creek Advisors LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 127,753 shares of the company’s stock, valued at approximately $4,952,000. The Baldwin Insurance Group makes up approximately 3.4% of Otter Creek Advisors LLC’s holdings, making the stock its 10th largest position. Otter Creek Advisors LLC owned about 0.11% of The Baldwin Insurance Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in The Baldwin Insurance Group by 1,946.7% during the third 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 during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $37,091,000. Lord Abbett & CO. LLC bought a new stake in The Baldwin Insurance Group during the third quarter worth about $29,447,000. Tributary Capital Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $18,287,000. Finally, Confluence Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $16,747,000. 77.49% of the stock is currently owned by institutional investors.

The Baldwin Insurance Group Trading Up 1.9 %

Shares of BWIN stock opened at $40.61 on Thursday. The Baldwin Insurance Group, Inc. has a 12-month low of $26.08 and a 12-month high of $55.82. The company has a market capitalization of $4.78 billion, a PE ratio of -63.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The firm has a 50 day moving average price of $39.84 and a two-hundred day moving average price of $44.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Analyst Ratings Changes

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

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.14% of the stock is currently owned by insiders.

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.