Arizona State Retirement System acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,366 shares of the company's stock, valued at approximately $751,000.
Several other institutional investors and hedge funds have also bought and sold shares of BWIN. Elevation Wealth Partners LLC bought a new position in The Baldwin Insurance Group during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $33,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $38,000. First Horizon Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $55,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $59,000. 77.49% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on BWIN shares. Keefe, Bruyette & Woods lowered their price objective on 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. JPMorgan Chase & Co. reduced their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company cut their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.
View Our Latest Analysis on The Baldwin Insurance Group
The Baldwin Insurance Group Stock Performance
NASDAQ:BWIN traded up $0.93 during trading hours on Tuesday, reaching $41.49. The company had a trading volume of 513,799 shares, compared to its average volume of 531,481. 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 cap of $4.88 billion, a price-to-earnings ratio of -64.83, a PEG ratio of 1.17 and a beta of 1.72. The firm's 50 day moving average price is $40.12 and its 200-day moving average price is $44.27.
Insiders Place Their Bets
In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Trevor Baldwin sold 15,902 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $523,167.66. The trade was a 54.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,836 shares of company stock valued at $5,330,639. Company insiders own 20.14% of the company's stock.
About The Baldwin Insurance Group
(
Free Report)
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.
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