KBC Group NV Invests $127,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

KBC Group NV purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,279 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also modified their holdings of BWIN. Nisa Investment Advisors LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. Flagship Harbor Advisors LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter worth approximately $200,000. Cetera Trust Company N.A bought a new position in The Baldwin Insurance Group during the 4th quarter valued at $212,000. Peapack Gladstone Financial Corp acquired a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $263,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $269,000. 77.49% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Up 2.8 %

Shares of NASDAQ BWIN opened at $42.26 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 stock has a market cap of $4.97 billion, a price-to-earnings ratio of -66.03, a PEG ratio of 1.19 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a 52 week low of $22.35 and a 52 week high of $55.82. The business has a 50 day simple moving average of $40.91 and a 200 day simple moving average of $44.70.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BWIN shares. Wells Fargo & Company dropped their price target on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their target price on shares of 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. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.14% of the stock is owned by insiders.

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.