5,289 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,289 shares of the company’s stock, valued at approximately $263,000.

Separately, Lord Abbett & CO. LLC acquired a new stake in shares of The Baldwin Insurance Group in the third quarter valued at $29,447,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. Finally, William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Trading Up 2.3 %

NASDAQ BWIN opened at $38.14 on Friday. The firm’s 50 day moving average price is $44.09 and its two-hundred day moving average price is $44.16. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of -59.59, a PEG ratio of 1.27 and a beta of 1.58. The Baldwin Insurance Group, Inc. has a twelve month low of $21.70 and a twelve month high of $55.82. 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 (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. Equities analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

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.