Bank of America Corp DE Makes New $28.17 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Bank of America Corp DE bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 726,798 shares of the company's stock, valued at approximately $28,171,000. Bank of America Corp DE owned 0.62% of The Baldwin Insurance Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at about $33,000. TD Waterhouse Canada Inc. acquired a new position in The Baldwin Insurance Group during the 4th quarter valued at about $36,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $38,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth about $44,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BWIN has been the subject of several recent analyst reports. BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective for the company. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group raised 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN traded down $0.98 during trading on Wednesday, hitting $37.66. The company had a trading volume of 368,639 shares, compared to its average volume of 558,753. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. The business's 50-day moving average is $41.88 and its 200 day moving average is $41.82. The company has a market cap of $4.46 billion, a P/E ratio of -58.84, a PEG ratio of 1.17 and a beta of 1.77. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Insider Buying and Selling

In other news, Director Lowry Baldwin sold 62,500 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $2,437,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 246,505 shares of company stock worth $9,856,503 in the last three months. 20.14% of the stock is currently owned by insiders.

About The Baldwin Insurance Group

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.