Nuveen Asset Management LLC Invests $10.38 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Nuveen Asset Management LLC acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 267,836 shares of the company's stock, valued at approximately $10,381,000. Nuveen Asset Management LLC owned about 0.23% of The Baldwin Insurance Group as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BWIN. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter worth $33,000. SG Americas Securities LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $395,000. Janney Montgomery Scott LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $269,000. Flagship Harbor Advisors LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $200,000. Finally, KBC Group NV acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $127,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company upped their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock 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 from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, BMO Capital Markets began coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $45.33.

The Baldwin Insurance Group Price Performance

NASDAQ BWIN traded up $0.48 during trading hours on Thursday, reaching $38.49. The company's stock had a trading volume of 325,975 shares, compared to its average volume of 557,353. The stock has a market cap of $4.56 billion, a PE ratio of -60.14, a PEG ratio of 1.17 and a beta of 1.77. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. The company's 50-day moving average is $41.41 and its two-hundred day moving average is $41.57. 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 Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now directly owns 80,663 shares in the company, valued at approximately $3,274,917.80. This represents a 46.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Morgan Roche sold 3,572 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88. Following the completion of the transaction, the insider now owns 86,828 shares in the company, valued at approximately $3,476,593.12. This trade represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 234,212 shares of company stock valued at $9,345,852. Insiders own 18.51% of the company's stock.

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.