14,700 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,700 shares of the company's stock, valued at approximately $570,000.

Several other institutional investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new position in shares of The Baldwin Insurance Group in the third quarter valued at about $29,447,000. JPMorgan Chase & Co. grew its stake in shares of The Baldwin Insurance Group by 1,946.7% in 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 last quarter. Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group during the 3rd quarter valued at about $263,000. Confluence Investment Management LLC bought a new position in The Baldwin Insurance Group during the 4th quarter valued at approximately $16,747,000. Finally, Diversified Trust Co purchased a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $788,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now owns 232,570 shares of the company's stock, valued at $10,507,512.60. This trade represents a 45.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group 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 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. Insiders sold a total of 291,906 shares of company stock valued at $12,955,475 in the last three months. Company insiders own 20.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BWIN. Keefe, Bruyette & Woods reduced their target price on 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. JPMorgan Chase & Co. cut their target price on shares of 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 reduced their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.50.

The Baldwin Insurance Group Stock Down 4.8 %

Shares of BWIN stock traded down $1.96 during mid-day trading on Monday, reaching $39.18. 870,559 shares of the company's stock traded hands, compared to its average volume of 503,284. The company's 50-day moving average price is $39.89 and its 200-day moving average price is $44.59. The company has a market cap of $4.61 billion, a P/E ratio of -61.22, a P/E/G ratio of 1.17 and a beta of 1.63. 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 12 month low of $26.08 and a 12 month high of $55.82.

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.