Wells Fargo & Company MN Buys Shares of 75,784 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Wells Fargo & Company MN acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 75,784 shares of the company's stock, valued at approximately $2,937,000. Wells Fargo & Company MN owned about 0.06% of The Baldwin Insurance Group as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BWIN. Elevation Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $32,000. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $33,000. Assetmark Inc. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $38,000. Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $44,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Stock Performance

BWIN stock traded down $1.11 during midday trading on Friday, hitting $41.96. 417,783 shares of the stock traded hands, compared to its average volume of 557,331. The firm has a market cap of $4.93 billion, a P/E ratio of -65.56, a PEG ratio of 1.17 and a beta of 1.52. The stock's fifty day simple moving average is $41.81 and its 200-day simple moving average is $43.13. 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 Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82.

Insider Activity

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group 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 $366,092.02. The trade was a 58.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Trevor Baldwin sold 15,902 shares of the business'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 sale, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. The trade was a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target for the company. Jefferies Financial Group increased their target price on 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $45.29.

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.