Legal & General Group Plc Takes Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Legal & General Group Plc purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 72,093 shares of the company's stock, valued at approximately $2,794,000. Legal & General Group Plc owned approximately 0.06% of The Baldwin Insurance Group as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $5,115,000. Emerald Advisers LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $33,608,000. JPMorgan Chase & Co. lifted its stake in The Baldwin Insurance Group by 1,946.7% during 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. Diversified Trust Co acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $788,000. Finally, Principal Financial Group Inc. acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $2,320,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Trevor Baldwin sold 68,740 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 80,663 shares of the company's stock, valued at $3,274,917.80. This represents a 46.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. Insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Price Performance

Shares of BWIN traded down $0.78 during mid-day trading on Tuesday, hitting $41.46. 56,115 shares of the company were exchanged, compared to its average volume of 555,691. 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 quick ratio of 0.98 and a current ratio of 0.98. The company has a 50 day moving average of $41.84 and a 200-day moving average of $43.01. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -64.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

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.