52,983 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 52,983 shares of the company's stock, valued at approximately $2,054,000.

Several other large investors also recently bought and sold shares of BWIN. Vanguard Group Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at about $255,331,000. William Blair Investment Management LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter worth approximately $190,218,000. JPMorgan Chase & Co. lifted its stake in 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 valued at $61,546,000 after acquiring an additional 1,175,484 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $37,091,000. Finally, Emerald Advisers LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $33,608,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Insider Activity

In other news, Director Lowry Baldwin sold 34,901 shares of the business'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 completion of the sale, the director now owns 90,099 shares of the company's stock, valued at $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. This trade represents a 46.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 over the last three months. 20.14% of the stock is currently owned by corporate insiders.

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The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock traded down $0.94 on Friday, hitting $45.11. The company's stock had a trading volume of 531,871 shares, compared to its average volume of 553,739. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -70.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The firm has a fifty day moving average price of $41.29 and a 200-day moving average price of $44.17. 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 1 year low of $31.47 and a 1 year high of $55.82.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of 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. JPMorgan Chase & Co. reduced their price objective 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 lowered their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 26th. Finally, BMO Capital Markets began coverage on The Baldwin Insurance Group in a research report on Thursday. They set an "outperform" rating and a $53.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.86.

The Baldwin Insurance Group Company 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.