CANADA LIFE ASSURANCE Co Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

CANADA LIFE ASSURANCE Co purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,427 shares of the company's stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC acquired a new stake in shares of The Baldwin Insurance Group in the third quarter worth $29,447,000. JPMorgan Chase & Co. boosted its position in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after acquiring an additional 1,175,484 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in The Baldwin Insurance Group during the 3rd quarter worth about $263,000. Confluence Investment Management LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $16,747,000. Finally, Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $788,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

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

The Baldwin Insurance Group Stock Performance

The Baldwin Insurance Group stock traded up $1.14 during trading hours on Friday, reaching $41.89. 571,860 shares of the company were exchanged, compared to its average volume of 557,710. The Baldwin Insurance Group, Inc. has a 12 month low of $31.47 and a 12 month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average of $42.00 and a 200 day moving average of $42.84. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -65.45, a PEG ratio of 1.17 and a beta of 1.52.

Insider Buying and Selling

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 80,663 shares in the company, valued at $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the completion of the transaction, the director now owns 90,099 shares in the company, valued at $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,836 shares of company stock valued at $5,330,639. 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.