By otakuyassine3@gmail.com 
Arizona State Retirement System acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,366 shares of the company’s stock, valued at approximately $751,000.
Other large investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at about $33,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at about $38,000. First Horizon Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $55,000. Finally, Parkside Financial Bank & Trust acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $59,000. Institutional investors and hedge funds own 77.49% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The Baldwin Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $43.50.
Read Our Latest Report on BWIN
The Baldwin Insurance Group Stock Up 3.0 %
Shares of NASDAQ:BWIN opened at $39.97 on Friday. The company’s fifty day moving average is $40.05 and its two-hundred day moving average is $44.33. 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 Baldwin Insurance Group, Inc. has a 1-year low of $26.08 and a 1-year high of $55.82. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of -62.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72.
Insider Buying and Selling
In other news, CEO Trevor Baldwin sold 68,740 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the firm’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 value of $1,403,718.22. Following the completion of the sale, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. This trade represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock worth $5,330,639 over the last quarter. 20.14% of the stock is owned by company insiders.
About The Baldwin Insurance Group
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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