MetLife Investment Management LLC Makes New Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

MetLife Investment Management LLC bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,177 shares of the company's stock, valued at approximately $1,557,000.

A number of other large investors have also made changes to their positions in BWIN. Elevation Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $32,000. Nisa Investment Advisors LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $33,000. Assetmark Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $38,000. Premier Fund Managers Ltd bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth approximately $44,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $55,000. 77.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the business's 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 transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. The trade was a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the 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 completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock worth $5,330,639 over the last ninety days. Company insiders own 20.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BWIN shares. Jefferies Financial Group upped their price objective on 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. 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 price objective for the company. Wells Fargo & Company upped their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Keefe, Bruyette & Woods cut their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock traded down $0.05 during trading hours on Tuesday, reaching $40.66. The company's stock had a trading volume of 84,361 shares, compared to its average volume of 556,104. 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 Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82. The firm has a 50 day moving average price of $42.00 and a 200-day moving average price of $42.58. The stock has a market cap of $4.78 billion, a P/E ratio of -63.49, a P/E/G ratio of 1.17 and a beta of 1.77.

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.