abrdn plc Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

abrdn plc bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 239,000 shares of the company's stock, valued at approximately $9,264,000. abrdn plc owned 0.20% of The Baldwin Insurance Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $33,000. KBC Group NV acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $127,000. Flagship Harbor Advisors LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $200,000. Cetera Trust Company N.A acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $212,000. Finally, HHM Wealth Advisors LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at about $243,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Down 2.8 %

Shares of NASDAQ BWIN traded down $1.18 during mid-day trading on Tuesday, reaching $40.47. The company had a trading volume of 462,190 shares, compared to its average volume of 482,907. 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 50 day simple moving average of $40.63 and a two-hundred day simple moving average of $44.77. The stock has a market cap of $4.76 billion, a P/E ratio of -63.23, a PEG ratio of 1.19 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a 52-week low of $23.56 and a 52-week high of $55.82.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the sale, the insider now owns 232,570 shares in the company, valued at $10,507,512.60. This represents a 45.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. William Blair upgraded shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods cut 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 note on Friday, January 10th. Wells Fargo & Company cut their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $45.50.

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.