GW&K Investment Management LLC cut its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 624,600 shares of the company's stock after selling 19,974 shares during the quarter. GW&K Investment Management LLC owned 0.53% of Baldwin Insurance Group worth $27,913,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Nuveen Asset Management LLC purchased a new stake in Baldwin Insurance Group during the fourth quarter valued at about $10,381,000. Bamco Inc. NY purchased a new stake in Baldwin Insurance Group during the fourth quarter valued at about $116,668,000. KBC Group NV increased its holdings in shares of Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC increased its holdings in shares of Baldwin Insurance Group by 10,061.5% in the 1st quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock valued at $813,000 after purchasing an additional 18,010 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Baldwin Insurance Group by 36.4% in the first quarter. Bessemer Group Inc. now owns 43,065 shares of the company's stock worth $1,924,000 after buying an additional 11,485 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, General Counsel Seth Bala Cohen sold 4,496 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total value of $177,951.68. Following the completion of the sale, the general counsel directly owned 13,240 shares of the company's stock, valued at approximately $524,039.20. This represents a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Morgan Roche sold 26,679 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the sale, the insider directly owned 42,113 shares of the company's stock, valued at $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 451,380 shares of company stock valued at $17,731,131 over the last ninety days. 18.51% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on BWIN shares. Wells Fargo & Company increased their price objective on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a report on Thursday, July 10th. Jefferies Financial Group increased their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. BMO Capital Markets decreased their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $45.17.
View Our Latest Stock Analysis on BWIN
Baldwin Insurance Group Stock Performance
Shares of BWIN traded down $0.76 during mid-day trading on Thursday, hitting $40.47. The company's stock had a trading volume of 176,444 shares, compared to its average volume of 613,163. Baldwin Insurance Group, Inc. has a one year low of $34.22 and a one year high of $55.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $4.80 billion, a PE ratio of -77.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.64. The stock's 50-day moving average is $40.02 and its two-hundred day moving average is $40.70.
About Baldwin Insurance Group
(
Free Report)
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.
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