State of New Jersey Common Pension Fund D purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 47,471 shares of the company's stock, valued at approximately $1,840,000.
Other large investors have also made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. KBC Group NV acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $127,000. Flagship Harbor Advisors LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $200,000. Finally, Cetera Trust Company N.A acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 77.49% of the company's stock.
Insider Transactions at The Baldwin Insurance Group
In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now owns 232,570 shares of the company's stock, valued at $10,507,512.60. This trade represents a 45.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the transaction, the general counsel now directly owns 8,813 shares of the company's stock, valued at $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 291,906 shares of company stock worth $12,955,475. Company insiders own 20.14% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their target price 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. Finally, 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 research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.
Check Out Our Latest Stock Analysis on BWIN
The Baldwin Insurance Group Trading Up 2.9 %
Shares of NASDAQ:BWIN traded up $1.17 during mid-day trading on Friday, reaching $41.14. 670,547 shares of the company's stock were exchanged, compared to its average volume of 493,868. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -64.28, a PEG ratio of 1.17 and a beta of 1.63. The business's fifty day moving average price is $39.88 and its 200-day moving average price is $44.55. 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 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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