2,259,342 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Capital Research Global Investors

Capital Research Global Investors acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,259,342 shares of the company's stock, valued at approximately $87,572,000. Capital Research Global Investors owned approximately 1.92% of The Baldwin Insurance Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at about $5,115,000. Emerald Advisers LLC acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $33,608,000. JPMorgan Chase & Co. increased its stake in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after buying an additional 1,175,484 shares during the period. Diversified Trust Co acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $788,000. Finally, Principal Financial Group Inc. purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $2,320,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Wall Street Analyst Weigh In

BWIN has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target for the company. Finally, Jefferies Financial Group increased 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 report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded up $0.93 during trading hours on Wednesday, reaching $42.70. The stock had a trading volume of 395,005 shares, compared to its average volume of 558,782. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of -66.72, a PEG ratio of 1.17 and a beta of 1.52. The firm has a 50-day moving average of $41.77 and a 200-day moving average of $43.30. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82.

Insider Buying and Selling

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the business'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 directly owns 8,813 shares of the company's stock, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the transaction, the director now owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock worth $5,330,639 in the last 90 days. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group 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.