1 week Ago By Defense World Staff
Prudential Financial Inc. purchased a new position in The Baldwin Insurance Group, Inc. ( NASDAQ:BWIN – Free Report ) during the 4th quarter, according to its most recent 13F filing with the SEC.
The firm purchased 4,600 shares of the company’s stock, valued at approximately $178,000. A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth $5,115,000.
JPMorgan Chase & Co. boosted its stake in shares of The Baldwin Insurance Group by 1,946.7% in the 3rd quarter.
JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Diversified Trust Co bought a new position in The Baldwin Insurance Group during the 4th quarter valued at about $788,000.
Principal Financial Group Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $2,320,000. Finally, Harbor Capital Advisors Inc.
bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $2,000,000. 77.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In BWIN has been the subject of a number of research analyst reports. Jefferies Financial Group boosted 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. 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. Wells Fargo & Company increased 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $45.
00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday. Finally, Keefe, Bruyette & Woods cut their price target on shares of The Baldwin Insurance Group from $50.
00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 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 issued a strong buy rating to the company.
According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.29.
The Baldwin Insurance Group Price Performance NASDAQ:BWIN opened at $42.46 on Friday. 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’s 50-day simple moving average is $41.61 and its 200 day simple moving average is $43.68.
The company has a market cap of $4.99 billion, a P/E ratio of -66.34, a P/E/G ratio of 1.
17 and a beta of 1.52. The Baldwin Insurance Group, Inc.
has a 52-week low of $31.47 and a 52-week high of $55.82.
Insider Activity In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.
22. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.
00. Following the sale, the chief executive officer now owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80.
This represents a 46.01 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 in the last quarter. Company insiders own 20.14% of the company’s stock.
The Baldwin Insurance Group Company 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. Further Reading Five stocks we like better than The Baldwin Insurance Group Utilities Stocks Explained – How and Why to Invest in Utilities JPMorgan is a Buy, if You Can Handle The Volatility High Flyers: 3 Natural Gas Stocks for March 2022 United States Steel’s Crash: An Unmissable Buying Opportunity Stock Sentiment Analysis: How it Works Rocket Lab Stock: Weathering the Storm, Time for a Comeback? Receive News & Ratings for The Baldwin Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Baldwin Insurance Group and related companies with MarketBeat.
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