JPMorgan Chase & Co. Acquires 438,076 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

JPMorgan Chase & Co. raised its position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 35.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,673,944 shares of the company's stock after acquiring an additional 438,076 shares during the quarter. JPMorgan Chase & Co. owned about 1.42% of The Baldwin Insurance Group worth $64,882,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. Assetmark Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. First Horizon Advisors Inc. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $55,000. Finally, Parkside Financial Bank & Trust bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $59,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction 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 directly owns 8,813 shares of the company's stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the transaction, the chief executive officer now directly owns 80,663 shares in the company, valued at $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 over the last 90 days. 20.14% of the stock is currently owned by corporate insiders.

The Baldwin Insurance Group Stock Up 10.5 %

BWIN stock traded up $4.02 during mid-day trading on Wednesday, reaching $42.44. 1,152,943 shares of the company traded hands, compared to its average volume of 563,823. 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 firm's 50 day moving average price is $41.57 and its 200 day moving average price is $43.78. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of -66.31, a P/E/G ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82.

Analyst Ratings Changes

BWIN has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday. Wells Fargo & Company reduced their target price on 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. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.71.

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.