HB Wealth Management LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 63,667 shares of the company's stock, valued at approximately $2,468,000. HB Wealth Management LLC owned approximately 0.05% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of 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 in the last quarter. Lord Abbett & CO. LLC purchased a new stake in The Baldwin Insurance Group during the 3rd quarter valued at approximately $29,447,000. Confluence Investment Management LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $16,747,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $5,115,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $2,000,000. 77.49% of the stock is owned by institutional investors.
Insider Buying and Selling at The Baldwin Insurance Group
In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 20.14% of the company's stock.
Wall Street Analyst Weigh In
BWIN has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased 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 report on Friday, January 10th. Wells Fargo & Company dropped their price target on The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Friday, January 3rd. Finally, William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.50.
View Our Latest Stock Report on BWIN
The Baldwin Insurance Group Trading Up 0.9 %
Shares of NASDAQ:BWIN traded up $0.36 during trading on Monday, hitting $41.23. The company had a trading volume of 566,222 shares, compared to its average volume of 437,963. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of -64.42, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. 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 company has a fifty day simple moving average of $42.26 and a two-hundred day simple moving average of $44.56. The Baldwin Insurance Group, Inc. has a one year low of $21.70 and a one year high of $55.82.
The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $339.90 million for the quarter, compared to analysts' expectations of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. As a group, equities analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.
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.
Featured Articles
Before you consider The Baldwin Insurance Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Baldwin Insurance Group wasn't on the list.
While The Baldwin Insurance Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
