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JPMorgan Chase & Co. Purchases 1,175,484 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

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JPMorgan Chase & Co. grew its stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 1,946.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,235,868 shares of the company's stock after acquiring an additional 1,175,484 shares during the quarter. JPMorgan Chase & Co. owned about 1.05% of The Baldwin Insurance Group worth $61,546,000 as of its most recent SEC filing.

Separately, Lord Abbett & CO. LLC bought a new stake in The Baldwin Insurance Group during the 3rd quarter valued at about $29,447,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on BWIN. Jefferies Financial Group increased 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. JPMorgan Chase & Co. cut their target price 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. William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and set a $41.00 price objective (down from $43.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $45.50.

Check Out Our Latest Report on BWIN

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the sale, the insider now owns 232,570 shares in the company, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock traded up $0.87 on Friday, reaching $38.14. The stock had a trading volume of 735,413 shares, compared to its average volume of 684,807. The stock has a market cap of $4.48 billion, a P/E ratio of -59.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a 1 year low of $21.70 and a 1 year high of $55.82. The company has a 50 day simple moving average of $44.09 and a 200 day simple moving average of $44.16.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to analysts' expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The Baldwin Insurance Group's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. Equities research analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 EPS 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.

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