State of New Jersey Common Pension Fund D Purchases Shares of 47,471 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

State of New Jersey Common Pension Fund D purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 47,471 shares of the company’s stock, valued at approximately $1,840,000.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $5,115,000. JPMorgan Chase & Co. grew its stake in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares during the last quarter. Diversified Trust Co bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $788,000. Harbor Capital Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in The Baldwin Insurance Group in the third quarter worth $263,000. Institutional investors own 77.49% of the company’s stock.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Price Performance

BWIN opened at $39.86 on Wednesday. The stock has a market capitalization of $4.69 billion, a P/E ratio of -62.28, a P/E/G ratio of 1.17 and a beta of 1.63. 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 52-week low of $26.08 and a 52-week high of $55.82. The company’s 50-day simple moving average is $39.82 and its two-hundred day simple moving average is $44.63.

Analyst Upgrades and Downgrades

BWIN has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced their price objective 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, January 3rd. One equities research 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

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.