Annis Gardner Whiting Capital Advisors LLC Makes New $271,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Annis Gardner Whiting Capital Advisors LLC purchased 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 Securities and Exchange Commission (SEC). The firm purchased 7,000 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BWIN. Vanguard Group Inc. purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $255,331,000. William Blair Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $190,218,000. Geode Capital Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $60,586,000. JPMorgan Chase & Co. lifted its stake 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 valued at $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $44,246,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BWIN. Keefe, Bruyette & Woods reduced their price objective 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. Wells Fargo & Company reduced their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an “outperform” rating and a $53.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.86.

Insider Buying and Selling

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This trade represents a 58.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the chief executive officer now directly owns 13,302 shares of the company’s stock, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN opened at $42.97 on Friday. The company has a market cap of $5.05 billion, a P/E ratio of -67.14, a P/E/G ratio of 1.17 and a beta of 1.72. The firm’s 50 day moving average is $41.64 and its two-hundred day moving average is $44.09. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

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.