Northern Trust Corp Acquires Shares of 791,507 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Northern Trust Corp bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 791,507 shares of the company's stock, valued at approximately $30,679,000. Northern Trust Corp owned about 0.67% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BWIN. FMR LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter worth about $325,535,000. Vanguard Group Inc. purchased a new position in The Baldwin Insurance Group in the 4th quarter worth about $255,331,000. William Blair Investment Management LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter worth about $190,218,000. Capital International Investors purchased a new position in The Baldwin Insurance Group in the 4th quarter worth about $99,040,000. Finally, Capital Research Global Investors purchased a new position in The Baldwin Insurance Group in the 4th quarter worth about $87,572,000. Institutional investors own 77.49% of the company's stock.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction 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 directly owns 8,813 shares in the company, valued at $366,092.02. The trade was a 58.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lowry Baldwin sold 62,500 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $39.00, for a total transaction of $2,437,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,711 shares of company stock worth $9,144,458. Company insiders own 18.51% of the company's stock.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded down $0.48 on Friday, hitting $39.32. 162,336 shares of the company's stock traded hands, compared to its average volume of 559,607. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The firm's 50-day moving average price is $41.93 and its two-hundred day moving average price is $42.03. The firm has a market capitalization of $4.62 billion, a PE ratio of -61.40, a P/E/G ratio of 1.17 and a beta of 1.77.

Analyst Ratings Changes

BWIN has been the topic of a number of research reports. BMO Capital Markets assumed 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 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. Wells Fargo & Company lifted 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 note on Thursday, April 10th. Finally, Jefferies Financial Group lifted 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 equities 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 MarketBeat, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

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.