Madison Investment Advisors LLC Takes $3.16 Million 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) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 81,541 shares of the company’s stock, valued at approximately $3,161,000. Madison Investment Advisors LLC owned approximately 0.07% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Swiss National Bank acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $5,085,000. King Luther Capital Management Corp acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $1,344,000. PNC Financial Services Group Inc. acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $478,000. Raymond James Financial Inc. acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $1,512,000. Finally, Arizona State Retirement System acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $751,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $43.89 on Friday. The stock’s 50-day moving average is $40.65 and its two-hundred day moving average is $44.19. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -68.58, a PEG ratio of 1.17 and a beta of 1.72. 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 debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Insider Buying and Selling

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Trevor Baldwin sold 15,902 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 over the last quarter. 20.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BWIN shares. JPMorgan Chase & Co. cut 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 note on Wednesday, February 26th. Keefe, Bruyette & Woods cut their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on 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. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

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.