US Bancorp DE Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

US Bancorp DE acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,887 shares of the company's stock, valued at approximately $267,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $37,091,000. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter worth $29,447,000. Tributary Capital Management LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $18,287,000. Finally, Confluence Investment Management LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $16,747,000. 77.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company cut their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group has an average rating of "Moderate Buy" and a consensus price target of $43.50.

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The Baldwin Insurance Group Trading Up 2.3 %

Shares of NASDAQ BWIN traded up $0.93 during mid-day trading on Tuesday, hitting $41.49. 513,799 shares of the company traded hands, compared to its average volume of 531,481. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of -64.83, a PEG ratio of 1.17 and a beta of 1.72. 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 business has a 50 day moving average of $40.12 and a two-hundred day moving average of $44.27.

Insider Activity

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the company's 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction dated Monday, March 3rd. The stock was 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 of the company's stock, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 over the last three months. Insiders own 20.14% of the company's stock.

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.