KLP Kapitalforvaltning AS Acquires New Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

KLP Kapitalforvaltning AS bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,200 shares of the company’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWIN. William Blair Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $190,218,000. JPMorgan Chase & Co.



lifted its stake in The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co.

now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $37,091,000. Lord Abbett & CO.

LLC acquired a new position in shares of The Baldwin Insurance Group in the third quarter valued at approximately $29,447,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $21,623,000.

77.49% of the stock is owned by institutional investors and hedge funds. The Baldwin Insurance Group Price PerformanceShares of NASDAQ BWIN opened at $45.

15 on Friday. 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 business has a 50-day moving average of $41.

59 and a 200-day moving average of $44.13. The stock has a market capitalization of $5.

31 billion, a price-to-earnings ratio of -70.55, a PEG ratio of 1.17 and a beta of 1.

72. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.

47 and a fifty-two week high of $55.82. Analyst Upgrades and DowngradesSeveral equities research analysts recently commented on BWIN shares.

JPMorgan Chase & Co. cut their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.

00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods cut their price target on The Baldwin Insurance Group from $50.00 to $49.

00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective on The Baldwin Insurance Group from $38.00 to $33.

00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. Finally, BMO Capital Markets started coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an “outperform” rating and a $53.

00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, The Baldwin Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $44.

86.Check Out Our Latest Analysis on BWINInsider Activity at The Baldwin Insurance GroupIn related 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 directly owns 13,302 shares in the company, valued at approximately $523,167.

66. The trade was a 54.45 % decrease in their ownership of the stock.

The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 owns 8,813 shares of the company’s stock, valued at approximately $366,092.

02. This represents a 58.24 % decrease in their position.

The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,836 shares of company stock valued at $5,330,639. Insiders own 20.

14% of the company’s stock. 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.

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