Kennedy Capital Management LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 352,621 shares of the company's stock, valued at approximately $13,668,000. Kennedy Capital Management LLC owned approximately 0.30% of The Baldwin Insurance Group at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth about $5,115,000. JPMorgan Chase & Co. boosted its holdings in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Diversified Trust Co bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $788,000. Principal Financial Group Inc. acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $2,320,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $2,000,000. Institutional investors and hedge funds own 77.49% of the company's stock.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on 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. BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Jefferies Financial Group boosted their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods dropped their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.29.
Check Out Our Latest Analysis on The Baldwin Insurance Group
Insider Buying and Selling
In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the sale, the chief executive officer now owns 13,302 shares of the company's stock, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 over the last three months. Company insiders own 20.14% of the company's stock.
The Baldwin Insurance Group Trading Up 1.0 %
NASDAQ BWIN traded up $0.42 during trading hours on Tuesday, hitting $43.85. The company's stock had a trading volume of 143,330 shares, compared to its average volume of 561,547. The stock has a fifty day moving average of $41.65 and a 200 day moving average of $43.59. The firm has a market capitalization of $5.16 billion, a P/E ratio of -68.52, a PEG ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a twelve month low of $31.47 and a twelve month high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.
About The Baldwin Insurance Group
(
Free Report)
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.
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