75,784 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75,784 shares of the company's stock, valued at approximately $2,937,000. Wells Fargo & Company MN owned about 0.06% of The Baldwin Insurance Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BWIN. Vanguard Group Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $255,331,000. William Blair Investment Management LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at $190,218,000. Geode Capital Management LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at $60,586,000. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 1,175,484 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $44,246,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BWIN shares. BMO Capital Markets started coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. Jefferies Financial Group raised their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. Wells Fargo & Company lifted their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded down $0.14 during trading on Tuesday, hitting $42.09. The company's stock had a trading volume of 683,485 shares, compared to its average volume of 558,285. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average price of $41.88 and a 200 day moving average price of $43.00. The firm has a market cap of $4.95 billion, a P/E ratio of -65.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82.

Insiders Place Their Bets

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business'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 transaction of $510,651.22. Following the sale, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total value of $625,425.66. Following the sale, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 in the last three months. Company insiders own 20.14% of the company's stock.

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.