Nuveen Asset Management LLC Buys New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Nuveen Asset Management LLC purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 267,836 shares of the company's stock, valued at approximately $10,381,000. Nuveen Asset Management LLC owned 0.23% of The Baldwin Insurance Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. FMR LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $325,535,000. Vanguard Group Inc. purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $255,331,000. William Blair Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $190,218,000. Bamco Inc. NY purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $116,668,000. Finally, Capital International Investors acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $99,040,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Stock Up 0.6%

BWIN traded up $0.23 during trading on Friday, hitting $38.72. The company had a trading volume of 516,258 shares, compared to its average volume of 559,210. 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 company has a market cap of $4.59 billion, a PE ratio of -60.50, a P/E/G ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The business has a 50-day moving average of $41.11 and a 200-day moving average of $41.40.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BWIN shares. BMO Capital Markets assumed 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 target price on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Finally, Jefferies Financial Group lifted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, The Baldwin Insurance Group has an average rating of "Hold" and an average price target of $45.33.

Insider Transactions at The Baldwin Insurance Group

In other news, insider James Morgan Roche sold 21,035 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $40.05, for a total value of $842,451.75. Following the completion of the sale, the insider now directly owns 117,962 shares of the company's stock, valued at approximately $4,724,378.10. This represents a 15.13% 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, 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 sale, the chief executive officer now directly owns 80,663 shares in the company, valued at approximately $3,274,917.80. This trade represents a 46.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 296,712 shares of company stock worth $11,740,852. Company insiders own 18.51% of the company's stock.

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.