Schonfeld Strategic Advisors LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,540 shares of the company's stock, valued at approximately $486,000.
A number of other hedge funds also recently modified their holdings of BWIN. FMR LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $325,535,000. Vanguard Group Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $255,331,000. William Blair Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $190,218,000. Capital International Investors acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $99,040,000. Finally, Capital Research Global Investors bought a new stake in The Baldwin Insurance Group in the 4th quarter valued at $87,572,000. Institutional investors and hedge funds own 77.49% of the company's stock.
The Baldwin Insurance Group Stock Down 1.6 %
Shares of NASDAQ BWIN opened at $38.77 on Friday. The firm has a market cap of $4.56 billion, a PE ratio of -60.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The company has a 50 day simple moving average of $41.95 and a 200 day simple moving average of $42.29. 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 1 year low of $31.47 and a 1 year high of $55.82.
Insider Buying and Selling
In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their position. The transaction was disclosed in a filing 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 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 owns 8,813 shares of the company's stock, valued at $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock valued at $5,330,639 over the last quarter. Insiders own 18.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on BWIN shares. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. Jefferies Financial Group lifted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have issued 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.29.
Get Our Latest Analysis on The Baldwin Insurance Group
The Baldwin Insurance Group Profile
(
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.
See Also
Want to see what other hedge funds are holding BWIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report).
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