TD Asset Management Inc Acquires 28,146 Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Key Points

• TD Asset Management Inc has increased its holdings in Baldwin Insurance Group by 70.4%, acquiring an additional 28,146 shares for a total of 68,100 shares valued at approximately $3.04 million.
• Insider activity has been significant, with CEO Trevor Baldwin selling 117,000 shares and insider James Morgan Roche selling 26,679 shares, indicating a notable decrease in their ownership stakes.
• Equities analysts have mixed views on Baldwin Insurance Group, with price targets ranging from $36.00 to $50.00 and a consensus rating of "Hold."

TD Asset Management Inc increased its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 70.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,100 shares of the company's stock after buying an additional 28,146 shares during the period. TD Asset Management Inc owned 0.06% of Baldwin Insurance Group worth $3,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWIN. American Century Companies Inc. bought a new stake in Baldwin Insurance Group during the 4th quarter worth about $2,644,000. LPL Financial LLC bought a new stake in Baldwin Insurance Group during the 4th quarter worth about $2,730,000. Vanguard Group Inc. bought a new stake in Baldwin Insurance Group during the 4th quarter worth about $255,331,000. Prudential Financial Inc. bought a new stake in Baldwin Insurance Group during the 4th quarter worth about $178,000. Finally, JPMorgan Chase & Co. raised its holdings in Baldwin Insurance Group by 35.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,673,944 shares of the company's stock worth $64,882,000 after purchasing an additional 438,076 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Insider Buying and Selling

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 50,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $38.98, for a total value of $1,949,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the firm's 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 transaction, the general counsel owned 13,240 shares in the company, valued at approximately $524,039.20. The trade was a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 451,380 shares of company stock worth $17,731,131. Company insiders own 20.14% of the company's stock.

Wall Street Analyst Weigh In

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

Baldwin Insurance Group Stock Down 4.2%

BWIN traded down $1.53 during trading on Friday, hitting $35.31. 748,592 shares of the company's stock were exchanged, compared to its average volume of 597,981. The business's 50 day moving average is $39.95 and its two-hundred day moving average is $40.78. Baldwin Insurance Group, Inc. has a fifty-two week low of $34.22 and a fifty-two week high of $55.82. The stock has a market cap of $4.18 billion, a P/E ratio of -67.90, a PEG ratio of 1.37 and a beta of 1.66. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

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.