Two Sigma Investments LP Makes New $1.53 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Two Sigma Investments LP purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 39,456 shares of the company’s stock, valued at approximately $1,529,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $32,000. TD Waterhouse Canada Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $36,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $38,000. Premier Fund Managers Ltd purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $44,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Trading Up 4.4%

Shares of BWIN opened at $40.40 on Wednesday. The stock has a market capitalization of $4.79 billion, a P/E ratio of -63.13, a PEG ratio of 1.17 and a beta of 1.77. 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 fifty day simple moving average of $40.88 and a two-hundred day simple moving average of $41.36. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 21,035 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75. Following the completion of the sale, the insider now owns 117,962 shares of the company’s stock, valued at $4,724,378.10. This represents a 15.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the transaction, the chief executive officer now owns 13,302 shares of the company’s stock, valued at $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. Insiders sold 261,811 shares of company stock valued at $10,337,133 in the last quarter. Company insiders own 18.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a research note on Thursday, April 10th. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Finally, BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an “outperform” rating and a $53.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, The Baldwin Insurance Group has an average rating of “Hold” and an average price target of $45.33.

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.