American Century Companies Inc. Takes $2.64 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

American Century Companies Inc. acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,223 shares of the company's stock, valued at approximately $2,644,000. American Century Companies Inc. owned approximately 0.06% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BWIN. William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $190,218,000. JPMorgan Chase & Co. lifted its position in shares of 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 last quarter. Bank of New York Mellon Corp acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $37,091,000. Lord Abbett & CO. LLC bought a new stake in shares of The Baldwin Insurance Group during the third quarter worth about $29,447,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $21,623,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction on Friday, March 14th. The shares were sold at an average price of $39.33, for a total value of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now 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 disclosure for this sale can be found here. Over the last three months, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BWIN shares. Jefferies Financial Group boosted their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday. Wells Fargo & Company boosted their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday. Keefe, Bruyette & Woods lowered 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 report on Friday, January 10th. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective on the stock. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday. One investment 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. Based on data from MarketBeat, The Baldwin Insurance Group has an average rating of "Moderate Buy" and an average price target of $45.29.

The Baldwin Insurance Group Stock Performance

Shares of BWIN traded up $0.74 during trading hours on Friday, hitting $42.46. The company's stock had a trading volume of 408,057 shares, compared to its average volume of 563,979. The business has a 50 day simple moving average of $41.61 and a two-hundred day simple moving average of $43.68. 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 52-week low of $31.47 and a 52-week high of $55.82. The company has a market cap of $4.99 billion, a price-to-earnings ratio of -66.34, a PEG ratio of 1.17 and a beta of 1.52.

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.