Rockefeller Capital Management L.P. Acquires New Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Rockefeller Capital Management L.P. 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 129,883 shares of the company's stock, valued at approximately $5,034,000. Rockefeller Capital Management L.P. owned approximately 0.11% of The Baldwin Insurance Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new stake in The Baldwin Insurance Group in the 3rd quarter valued at approximately $29,447,000. JPMorgan Chase & Co. lifted its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the third 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. Peapack Gladstone Financial Corp bought a new position in The Baldwin Insurance Group during the 3rd quarter valued at about $263,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $16,747,000. Finally, Diversified Trust Co bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $788,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of research reports. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. Keefe, Bruyette & Woods cut their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Jefferies Financial Group boosted their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company lifted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $45.29.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This represents a 54.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company's stock, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,836 shares of company stock worth $5,330,639. Corporate insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Performance

BWIN traded up $1.98 during trading on Wednesday, hitting $43.75. The stock had a trading volume of 112,481 shares, compared to its average volume of 557,623. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50 day moving average price of $41.75 and a 200-day moving average price of $43.30. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -68.36, a P/E/G ratio of 1.17 and a beta of 1.52.

About The Baldwin Insurance Group

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.