Boston Partners purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 525,965 shares of the company's stock, valued at approximately $20,675,000. Boston Partners owned 0.45% of The Baldwin Insurance Group as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter worth approximately $29,447,000. JPMorgan Chase & Co. boosted its holdings in The Baldwin Insurance Group by 1,946.7% in 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 period. Peapack Gladstone Financial Corp purchased a new stake in The Baldwin Insurance Group in the 3rd quarter worth $263,000. Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at about $16,747,000. Finally, Diversified Trust Co bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at about $788,000. Hedge funds and other institutional investors own 77.49% of the company's stock.
Insider Transactions at The Baldwin Insurance Group
In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is currently owned by insiders.
Analyst Ratings Changes
BWIN has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Wells Fargo & Company cut their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.50.
Check Out Our Latest Analysis on The Baldwin Insurance Group
The Baldwin Insurance Group Trading Up 1.3 %
BWIN traded up $0.59 during trading hours on Tuesday, reaching $46.41. 817,182 shares of the company's stock traded hands, compared to its average volume of 539,310. The firm has a 50-day moving average price of $40.84 and a 200 day moving average price of $44.16. The firm has a market capitalization of $5.46 billion, a PE ratio of -72.52, a PEG ratio of 1.17 and a beta of 1.72. The company has a quick ratio of 0.98, a current 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.
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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