Royal Bank of Canada Invests $33.93 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Royal Bank of Canada bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 875,256 shares of the company's stock, valued at approximately $33,926,000. Royal Bank of Canada owned approximately 0.74% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BWIN. Elevation Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth about $32,000. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $33,000. TD Waterhouse Canada Inc. acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $36,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $44,000. 77.49% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Performance

BWIN stock traded down $0.51 during midday trading on Wednesday, reaching $38.39. 41,973 shares of the company's stock traded hands, compared to its average volume of 554,201. The Baldwin Insurance Group, Inc. has a 52 week low of $31.47 and a 52 week high of $55.82. The company has a 50-day moving average price of $41.53 and a two-hundred day moving average price of $41.59. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.55 billion, a PE ratio of -59.99, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective on the stock. Wells Fargo & Company upped their target price 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. Finally, Jefferies Financial Group boosted 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 report on Friday, April 11th. One investment 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. Based on data from MarketBeat.com, The Baldwin Insurance Group has a consensus rating of "Hold" and an average price target of $45.33.

Insider Activity at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 62,500 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $2,437,500.00. 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 company's 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 completion of the transaction, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. This represents a 46.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,505 shares of company stock valued at $9,856,503. Corporate 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.