Lord Abbett & CO. LLC Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 591,317 shares of the company's stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned approximately 0.50% of The Baldwin Insurance Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an "underweight" rating and set a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. William Blair raised The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.83.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.14% of the stock is owned by insiders.

The Baldwin Insurance Group Stock Up 1.0 %

NASDAQ:BWIN traded up $0.41 during mid-day trading on Monday, reaching $41.37. The stock had a trading volume of 614,851 shares, compared to its average volume of 483,460. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of -63.75, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The Baldwin Insurance Group, Inc. has a 1-year low of $21.70 and a 1-year high of $55.82. The stock's 50 day simple moving average is $47.99 and its two-hundred day simple moving average is $43.78.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The Baldwin Insurance Group's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. Equities analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

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.