Russell Investments Group Ltd. Invests $2.44 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Russell Investments Group Ltd. bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,922 shares of the company's stock, valued at approximately $2,439,000. Russell Investments Group Ltd. owned approximately 0.05% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BWIN. Lord Abbett & CO. LLC purchased a new stake in The Baldwin Insurance Group in the 3rd quarter worth approximately $29,447,000. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group in the third quarter valued at about $263,000. Confluence Investment Management LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter worth about $16,747,000. Finally, Diversified Trust Co purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $788,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the transaction, the director now directly owns 90,099 shares of the company's stock, valued at $3,623,781.78. This represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,836 shares of company stock worth $5,330,639. Insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Performance

BWIN traded up $0.77 during midday trading on Wednesday, reaching $42.54. The company's stock had a trading volume of 262,051 shares, compared to its average volume of 581,383. The Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82. The stock has a market cap of $5.00 billion, a P/E ratio of -66.47, a PEG ratio of 1.17 and a beta of 1.52. The company has a fifty day simple moving average of $41.75 and a 200 day simple moving average of $43.30. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

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.