Vanguard Group Inc. Acquires New Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Vanguard Group Inc. bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BWIN. Elevation Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter worth $33,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $38,000. First Horizon Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $55,000. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $59,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BWIN shares. Keefe, Bruyette & Woods reduced their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an “outperform” rating and a $53.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of 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 equities research analyst has rated the stock with a sell rating, one has given 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 Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $44.86.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares in the company, valued at approximately $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company’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 transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This trade represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. Insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Trading Down 4.8 %

Shares of The Baldwin Insurance Group stock opened at $42.97 on Friday. The stock has a market cap of $5.05 billion, a PE ratio of -67.14, 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 $41.64 and a 200 day moving average price of $44.09. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

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.