Legal & General Group Plc Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Legal & General Group Plc acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 72,093 shares of the company's stock, valued at approximately $2,794,000. Legal & General Group Plc owned about 0.06% of The Baldwin Insurance Group at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $5,115,000. Emerald Advisers LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $33,608,000. JPMorgan Chase & Co. boosted its stake in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after acquiring an additional 1,175,484 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $788,000. Finally, Principal Financial Group Inc. purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $2,320,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Trevor Baldwin sold 15,902 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. The trade was a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % 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 valued at $5,330,639 in the last three months. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Trading Down 2.6 %

The Baldwin Insurance Group stock traded down $1.11 during trading on Friday, hitting $41.96. The company's stock had a trading volume of 417,783 shares, compared to its average volume of 557,331. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The stock's fifty day moving average is $41.81 and its 200 day moving average is $43.13. 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 stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of -65.56, a P/E/G ratio of 1.17 and a beta of 1.52.

Wall Street Analyst Weigh In

Several research firms have weighed in on BWIN. Jefferies Financial Group upped their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target on the stock. Wells Fargo & Company lifted their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods dropped their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.29.

The Baldwin Insurance Group Profile

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.