Free Trial

Madison Asset Management LLC Acquires 11,483 Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Baldwin Insurance Group logo with Finance background

Madison Asset Management LLC increased its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 14.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,024 shares of the company's stock after buying an additional 11,483 shares during the quarter. Madison Asset Management LLC owned about 0.08% of Baldwin Insurance Group worth $4,157,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC acquired a new stake in Baldwin Insurance Group during the fourth quarter worth approximately $325,535,000. Vanguard Group Inc. acquired a new stake in Baldwin Insurance Group during the fourth quarter worth approximately $255,331,000. Bamco Inc. NY acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at $116,668,000. Capital International Investors acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at $99,040,000. Finally, Capital Research Global Investors acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at $87,572,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their target price on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. BMO Capital Markets reduced their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Jefferies Financial Group raised their target price on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $45.17.

Get Our Latest Analysis on BWIN

Baldwin Insurance Group Price Performance

Shares of BWIN traded up $0.37 during trading hours on Friday, reaching $40.64. The stock had a trading volume of 464,225 shares, compared to its average volume of 580,035. Baldwin Insurance Group, Inc. has a 12 month low of $34.22 and a 12 month high of $55.82. The stock has a market capitalization of $4.82 billion, a PE ratio of -78.15, a PEG ratio of 1.59 and a beta of 1.64. 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 company's 50-day moving average is $40.06 and its two-hundred day moving average is $40.78.

Insider Buying and Selling

In related news, CEO Trevor Baldwin sold 117,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the transaction, the chief executive officer directly owned 27,676 shares of the company's stock, valued at $1,102,335.08. This trade represents a 80.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total value of $2,395,000.00. 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 in the last three months. Insiders own 18.51% of the company's stock.

Baldwin Insurance Group Company Profile

(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.

See Also

Institutional Ownership by Quarter for Baldwin Insurance Group (NASDAQ:BWIN)

Should You Invest $1,000 in Baldwin Insurance Group Right Now?

Before you consider Baldwin Insurance Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baldwin Insurance Group wasn't on the list.

While Baldwin Insurance Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

ACT FAST! Congress is Dumping these 3 Stocks
3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines