Ameriprise Financial Inc. Makes New $378,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Ameriprise Financial Inc. bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,756 shares of the company's stock, valued at approximately $378,000.

Several other large investors also recently added to or reduced their stakes in BWIN. Janney Montgomery Scott LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $269,000. KBC Group NV bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $127,000. abrdn plc bought a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $9,264,000. Elevation Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $32,000. Finally, Rhumbline Advisers bought a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $3,476,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BWIN shares. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set 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. Wells Fargo & Company upped their price target 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. Finally, Jefferies Financial Group upped their price target on shares of 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 analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, The Baldwin Insurance Group has an average rating of "Hold" and a consensus price target of $45.33.

Insider Buying and Selling

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total transaction of $2,395,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James Morgan Roche sold 21,035 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $40.05, for a total transaction of $842,451.75. Following the sale, the insider now owns 117,962 shares in the company, valued at $4,724,378.10. The trade was a 15.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 261,811 shares of company stock valued at $10,337,133. 18.51% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Stock Performance

BWIN traded down $0.69 during trading on Thursday, reaching $38.05. 287,040 shares of the company's stock were exchanged, compared to its average volume of 558,481. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $4.51 billion, a P/E ratio of -59.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The company's fifty day simple moving average is $40.75 and its 200-day simple moving average is $41.34. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82.

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.