Natixis Advisors LLC Buys New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Natixis Advisors LLC acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,272 shares of the company's stock, valued at approximately $863,000.

A number of other institutional investors also recently made changes to their positions in BWIN. Wealth Enhancement Advisory Services LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $5,115,000. JPMorgan Chase & Co. increased its position in 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 buying an additional 1,175,484 shares during the period. Diversified Trust Co acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $788,000. Harbor Capital Advisors Inc. bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $2,000,000. Finally, Peapack Gladstone Financial Corp acquired a new position in shares of The Baldwin Insurance Group in the third quarter valued at about $263,000. Institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BWIN shares. JPMorgan Chase & Co. cut their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target 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. Keefe, Bruyette & Woods reduced their price target 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. Finally, BMO Capital Markets started coverage on The Baldwin Insurance Group in a research report on Thursday. They set an "outperform" rating and a $53.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $44.86.

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Insiders Place Their Bets

In other news, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the sale, the chief executive officer now directly owns 13,302 shares of the company's stock, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares of the company's stock, valued at $3,623,781.78. This represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by insiders.

The Baldwin Insurance Group Price Performance

Shares of BWIN traded down $0.94 during mid-day trading on Friday, reaching $45.11. The company had a trading volume of 531,871 shares, compared to its average volume of 553,739. The company's 50 day simple moving average is $41.29 and its 200 day simple moving average is $44.15. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -70.48, a P/E/G ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. 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 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.