Teacher Retirement System of Texas Invests $441,000 in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Teacher Retirement System of Texas purchased a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,871 shares of the company’s stock, valued at approximately $441,000.

Several other large investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new position in Baldwin Insurance Group in the fourth quarter worth about $36,000. Premier Fund Managers Ltd purchased a new stake in Baldwin Insurance Group during the fourth quarter valued at about $44,000. Johnson Financial Group Inc. purchased a new position in Baldwin Insurance Group during the 4th quarter worth approximately $63,000. Continuum Advisory LLC purchased a new position in shares of Baldwin Insurance Group during the 4th quarter valued at $75,000. Finally, State of Wyoming acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at $82,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $42.99 on Friday. The company has a market cap of $5.10 billion, a P/E ratio of -82.67, a P/E/G ratio of 1.67 and a beta of 1.64. The firm has a 50-day moving average of $39.76 and a 200-day moving average of $40.59. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13. Baldwin Insurance Group, Inc. has a one year low of $34.22 and a one year high of $55.82.

Insiders Place Their Bets

In related news, CEO Trevor Baldwin sold 117,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total value of $4,660,110.00. Following the sale, the chief executive officer directly owned 27,676 shares of the company’s stock, valued at $1,102,335.08. This trade represents a 80.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lowry Baldwin sold 62,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total transaction of $2,395,000.00. The disclosure for this sale can be found here. Insiders sold 451,380 shares of company stock worth $17,731,131 over the last quarter. 18.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BWIN shares. Wall Street Zen downgraded shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Wells Fargo & Company increased their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, July 10th. Jefferies Financial Group raised their price objective on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, April 11th. BMO Capital Markets decreased their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $45.00 price objective (up previously from $39.00) on shares of Baldwin Insurance Group in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.17.

About 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.