Invesco Ltd. Acquires New Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Invesco Ltd. purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,267 shares of the company's stock, valued at approximately $2,413,000. Invesco Ltd. owned about 0.05% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BWIN. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group during the third quarter valued at approximately $29,447,000. JPMorgan Chase & Co. increased its holdings in shares of The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $61,546,000 after acquiring an additional 1,175,484 shares during the period. Peapack Gladstone Financial Corp bought a new position in shares of The Baldwin Insurance Group in the 3rd quarter worth $263,000. Confluence Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $16,747,000. Finally, Diversified Trust Co bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at about $788,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Stock Performance

The Baldwin Insurance Group stock traded up $1.14 during trading hours on Friday, hitting $41.89. 571,860 shares of the stock traded hands, compared to its average volume of 557,710. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. 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 stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of -65.45, a P/E/G ratio of 1.17 and a beta of 1.52. The firm's 50 day moving average price is $42.00 and its 200-day moving average price is $42.77.

Insider Transactions at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the sale, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. This trade represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction on Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares of the company's stock, valued at $523,167.66. The trade was a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock valued at $5,330,639 in the last 90 days. 20.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BWIN has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target on the stock. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

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.