US Bancorp DE Buys Shares of 6,887 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

US Bancorp DE purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,887 shares of the company’s stock, valued at approximately $267,000.

Other hedge funds have also modified their holdings of the company. Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $33,000. First Horizon Advisors Inc. purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $55,000. Parkside Financial Bank & Trust purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $59,000. Finally, Venturi Wealth Management LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $66,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 15,902 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now owns 8,813 shares in the company, valued at $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,836 shares of company stock valued at $5,330,639. Corporate insiders own 20.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BWIN shares. Keefe, Bruyette & Woods lowered their target price 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. JPMorgan Chase & Co. lowered their target price on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their target price 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $43.50.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN opened at $39.97 on Friday. 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 fifty-two week low of $26.08 and a fifty-two week high of $55.82. The firm has a market capitalization of $4.70 billion, a PE ratio of -62.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72. The stock’s 50-day simple moving average is $40.05 and its 200-day simple moving average is $44.33.

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.