Vanguard Group Inc. Invests $255.33 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Vanguard Group Inc. purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,587,486 shares of the company's stock, valued at approximately $255,331,000. Vanguard Group Inc. owned approximately 5.60% of The Baldwin Insurance Group as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BWIN. Wealth Enhancement Advisory Services LLC purchased a new stake in The Baldwin Insurance Group in the 4th quarter worth $5,115,000. JPMorgan Chase & Co. raised 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 worth $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth about $788,000. Principal Financial Group Inc. purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at about $2,320,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $2,000,000. Institutional investors and hedge funds own 77.49% of the company's stock.

The Baldwin Insurance Group Price Performance

Shares of BWIN traded up $4.02 during trading hours on Wednesday, reaching $42.44. 1,152,943 shares of the company traded hands, compared to its average volume of 563,823. The stock has a market capitalization of $4.99 billion, a PE ratio of -66.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The stock has a fifty day simple moving average of $41.57 and a 200 day simple moving average of $43.78. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Analyst Ratings Changes

Several research firms have recently weighed in on BWIN. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price on the stock. Keefe, Bruyette & Woods lowered their price objective on 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. Wells Fargo & Company lowered their price objective on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $45.71.

Insider Activity

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the sale, the chief executive officer now owns 13,302 shares of the company's stock, valued at $523,167.66. The trade was a 54.45 % decrease in their position. 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 quarter. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group 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.