18,295 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Acquired by New World Advisors LLC

New World Advisors LLC purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,295 shares of the company's stock, valued at approximately $709,000. The Baldwin Insurance Group accounts for about 0.2% of New World Advisors LLC's holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake 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. Lord Abbett & CO. LLC purchased a new stake in The Baldwin Insurance Group during the 3rd quarter worth $29,447,000. Tributary Capital Management LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth $18,287,000. Confluence Investment Management LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth $16,747,000. Finally, Peregrine Capital Management LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth $16,146,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded down $0.64 during midday trading on Thursday, hitting $39.97. The company's stock had a trading volume of 631,879 shares, compared to its average volume of 489,220. The Baldwin Insurance Group, Inc. has a 1-year low of $26.08 and a 1-year high of $55.82. The firm's fifty day moving average price is $39.84 and its 200-day moving average price is $44.59. 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 firm has a market cap of $4.70 billion, a P/E ratio of -62.45, a P/E/G ratio of 1.17 and a beta of 1.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BWIN shares. Keefe, Bruyette & Woods dropped their target price on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.50.

Insider Activity

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.14% of the company's stock.

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.