35,507 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,507 shares of the company's stock, valued at approximately $1,376,000.

Several other institutional investors have also bought and sold shares of the business. Aquatic Capital Management LLC purchased a new position in The Baldwin Insurance Group during the fourth quarter worth $874,000. Johnson Financial Group Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $63,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter worth about $77,283,000. Price T Rowe Associates Inc. MD bought a new position in The Baldwin Insurance Group during the 4th quarter valued at about $1,914,000. Finally, Tower Research Capital LLC TRC bought a new position in The Baldwin Insurance Group during the 4th quarter valued at about $85,000. Institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Stock Down 1.5%

Shares of BWIN stock traded down $0.58 during mid-day trading on Friday, hitting $39.22. The stock had a trading volume of 478,357 shares, compared to its average volume of 560,843. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. 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 firm's 50-day moving average is $41.93 and its two-hundred day moving average is $42.03. The firm has a market capitalization of $4.61 billion, a P/E ratio of -61.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group upped their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have given 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.29.

Insider Activity

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the business's stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 34,901 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the sale, the director now directly owns 90,099 shares of the company's stock, valued at $3,623,781.78. The trade was a 27.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 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.