Commerce Bank Buys New Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Commerce Bank bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,840 shares of the company's stock, valued at approximately $343,000.

Several other institutional investors have also recently made changes to their positions in the company. Capital International Investors bought a new position in The Baldwin Insurance Group in the fourth quarter worth $99,040,000. CANADA LIFE ASSURANCE Co purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $713,000. Champlain Investment Partners LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter worth about $77,720,000. NewEdge Advisors LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at about $402,000. Finally, Defined Financial Planning LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter worth about $229,000. Institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded down $0.47 during trading on Wednesday, hitting $41.62. The company had a trading volume of 385,443 shares, compared to its average volume of 557,557. The stock has a 50 day simple moving average of $41.93 and a 200 day simple moving average of $42.99. The firm has a market capitalization of $4.89 billion, a P/E ratio of -65.03, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. 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 12 month low of $31.47 and a 12 month 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 dated 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 directly owns 8,813 shares in the company, valued at $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares of the company's stock, valued at approximately $523,167.66. This trade represents a 54.45 % 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 worth $5,330,639. Company insiders own 20.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BWIN shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on 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. Keefe, Bruyette & Woods cut 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 note on Friday, January 10th. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, 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 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.29.

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.