Corient Private Wealth LLC Invests $1.37 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Corient Private Wealth LLC bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,448 shares of the company's stock, valued at approximately $1,374,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after acquiring an additional 1,175,484 shares during the period. Bank of New York Mellon Corp bought a new stake in The Baldwin Insurance Group during the fourth quarter worth $37,091,000. Lord Abbett & CO. LLC acquired a new stake in The Baldwin Insurance Group in the third quarter valued at approximately $29,447,000. Charles Schwab Investment Management Inc. bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $21,623,000. Finally, Tributary Capital Management LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $18,287,000. 77.49% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Down 2.0 %

Shares of BWIN traded down $0.94 during mid-day trading on Friday, hitting $45.11. The company's stock had a trading volume of 531,871 shares, compared to its average volume of 553,739. The company's 50-day moving average is $41.29 and its 200-day moving average is $44.17. 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 Baldwin Insurance Group, Inc. has a 52-week low of $31.47 and a 52-week high of $55.82. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -70.48, a PEG ratio of 1.17 and a beta of 1.72.

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Analyst Upgrades and Downgrades

BWIN has been the topic of several research reports. Wells Fargo & Company lowered their price objective 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. Keefe, Bruyette & Woods reduced their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. lowered their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Finally, BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research note on Thursday. They issued an "outperform" rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $44.86.

Insider Transactions at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 15,902 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were 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 in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the sale, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 over the last quarter. 20.14% of the stock is currently owned by insiders.

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.