40,177 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by MetLife Investment Management LLC

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Lord Abbett & CO. LLC bought a new stake in shares of The Baldwin Insurance Group in the third quarter valued at approximately $29,447,000. JPMorgan Chase & Co. raised its holdings 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. Peapack Gladstone Financial Corp purchased a new stake in shares of The Baldwin Insurance Group during the third quarter worth $263,000. Confluence Investment Management LLC bought a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $16,747,000. Finally, Diversified Trust Co purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at $788,000. 77.49% of the stock is owned by institutional investors.

The Baldwin Insurance Group Price Performance

BWIN traded up $1.14 during trading on Friday, reaching $41.89. The stock had a trading volume of 571,860 shares, compared to its average volume of 557,710. The business has a 50-day moving average of $42.00 and a 200-day moving average of $42.77. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one 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 stock has a market cap of $4.93 billion, a PE ratio of -65.45, a PEG ratio of 1.17 and a beta of 1.52.

Insider Buying and Selling

In other news, CEO Trevor Baldwin sold 15,902 shares of the company's stock in a transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group 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 transaction, the general counsel now owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock worth $5,330,639 in the last quarter. 20.14% of the stock is owned by insiders.

Analyst Ratings Changes

BWIN has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their target price on 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. BMO Capital Markets began 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 on the stock. JPMorgan Chase & Co. reiterated 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. Jefferies Financial Group upped 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, 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 report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.