UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 177,875 shares of the company's stock, valued at approximately $6,894,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of The Baldwin Insurance Group at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $32,000. TD Waterhouse Canada Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $36,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $38,000. Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $44,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $55,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Trading Down 1.8%

Shares of BWIN stock traded down $0.69 on Thursday, reaching $38.05. 287,040 shares of the stock were exchanged, compared to its average volume of 558,481. The stock has a market cap of $4.51 billion, a P/E ratio of -59.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $40.75 and a two-hundred day moving average of $41.34. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82.

Wall Street Analyst Weigh In

BWIN has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Jefferies Financial Group lifted 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. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $45.33.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the transaction, the chief executive officer now directly owns 80,663 shares of the company's stock, valued at $3,274,917.80. The trade was a 46.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Morgan Roche sold 21,035 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75. Following the transaction, the insider now directly owns 117,962 shares in the company, valued at approximately $4,724,378.10. This trade represents a 15.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 266,307 shares of company stock valued at $10,515,085 over the last ninety days. Corporate insiders own 18.51% of the company's stock.

The Baldwin Insurance Group Company 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.