Principal Financial Group Inc. purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 59,859 shares of the company's stock, valued at approximately $2,320,000. Principal Financial Group Inc. owned approximately 0.05% of The Baldwin Insurance Group as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BWIN. JPMorgan Chase & Co. grew its holdings 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 valued at $61,546,000 after acquiring an additional 1,175,484 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $29,447,000. Tributary Capital Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $18,287,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $16,747,000. Finally, abrdn plc acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $9,264,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at The Baldwin Insurance Group
In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction that occurred 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 sale, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lowry Baldwin sold 34,901 shares of the firm'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 sale, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This trade represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 326,807 shares of company stock valued at $14,359,193 in the last 90 days. 20.14% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have recently commented on BWIN shares. JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.50.
Check Out Our Latest Research Report on The Baldwin Insurance Group
The Baldwin Insurance Group Stock Performance
BWIN stock traded up $0.61 during midday trading on Friday, hitting $39.20. 530,717 shares of the company traded hands, compared to its average volume of 515,372. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of -61.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The business has a 50 day simple moving average of $39.93 and a 200-day simple moving average of $44.49. 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 Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82.
About The Baldwin Insurance Group
(
Free Report)
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.
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