49,247 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund purchased 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 & Exchange Commission. The firm purchased 49,247 shares of the company's stock, valued at approximately $1,909,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 1,175,484 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of The Baldwin Insurance Group in the third quarter valued at approximately $29,447,000. Tributary Capital Management LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $18,287,000. Confluence Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $16,747,000. Finally, Peregrine Capital Management LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $16,146,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on BWIN shares. JPMorgan Chase & Co. reduced 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 note on Wednesday, February 26th. Keefe, Bruyette & Woods reduced their price objective 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. Finally, Wells Fargo & Company lowered their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.50.

Insider Buying and Selling

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock in a transaction on 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 transaction, the insider now directly owns 232,570 shares of the company's stock, valued at $10,507,512.60. This trade represents a 45.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 291,906 shares of company stock worth $12,955,475 in the last quarter. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Price Performance

BWIN traded down $1.96 on Monday, hitting $39.18. 870,559 shares of the company were exchanged, compared to its average volume of 503,284. The business's fifty day moving average is $39.88 and its 200 day moving average is $44.60. The Baldwin Insurance Group, Inc. has a fifty-two week low of $26.08 and a fifty-two week 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 firm has a market capitalization of $4.61 billion, a P/E ratio of -61.22, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

The Baldwin Insurance Group Company 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.