Quantbot Technologies LP Purchases New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Quantbot Technologies LP acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 37,111 shares of the company's stock, valued at approximately $1,438,000.

A number of other institutional investors have also recently bought and sold shares of BWIN. Wealth Enhancement Advisory Services LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $5,115,000. 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 valued at $61,546,000 after acquiring 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 4th quarter worth $788,000. Harbor Capital Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $2,000,000. Finally, Peapack Gladstone Financial Corp bought a new position in shares of The Baldwin Insurance Group in the third quarter worth $263,000. Institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN traded down $0.94 on Friday, hitting $45.11. The company had a trading volume of 531,871 shares, compared to its average volume of 553,739. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -70.48, a PEG ratio of 1.17 and a beta of 1.72. The firm has a 50 day moving average of $41.22 and a two-hundred day moving average of $44.18.

Remove Ads

Insider Activity at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the 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 sale, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now directly owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 in the last 90 days. 20.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BWIN shares. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research report on Thursday. They set an "outperform" rating and a $53.00 price objective for the company. JPMorgan Chase & Co. cut their price target 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 reduced 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 report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods lowered 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.86.

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.