Geode Capital Management LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Geode Capital Management LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,562,735 shares of the company's stock, valued at approximately $60,586,000. Geode Capital Management LLC owned 1.33% of The Baldwin Insurance Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $5,115,000. Emerald Advisers LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $33,608,000. JPMorgan Chase & Co. boosted its position in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after purchasing an additional 1,175,484 shares during the period. Diversified Trust Co bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at about $788,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $2,320,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BWIN. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets began coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target for the company. Wells Fargo & Company lifted their target price 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. Keefe, Bruyette & Woods dropped their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Finally, Jefferies Financial Group lifted 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued 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.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's 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 approximately $366,092.02. This trade represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lowry Baldwin sold 34,901 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares of the company's stock, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock worth $5,330,639 in the last 90 days. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Trading Down 1.5 %

BWIN traded down $0.64 during trading on Friday, reaching $42.13. 405,185 shares of the stock traded hands, compared to its average volume of 561,064. 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 stock's 50-day moving average is $41.70 and its 200 day moving average is $43.53. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The stock has a market capitalization of $4.95 billion, a PE ratio of -65.83, a P/E/G 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.