Prudential Financial Inc. Acquires Shares of 4,600 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Prudential Financial Inc. acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, Holdings Channel reports. The fund acquired 4,600 shares of the company’s stock, valued at approximately $178,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Corebridge Financial Inc. acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $1,284,000. Emerald Advisers LLC bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter worth $33,608,000. Vanguard Group Inc. bought a new position in The Baldwin Insurance Group during the 4th quarter worth $255,331,000. LPL Financial LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $2,730,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $512,000. Institutional investors own 77.49% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $1,403,718.22. Following the transaction, the director now owns 90,099 shares in the company, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 owns 80,663 shares of the company’s stock, valued at $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,836 shares of company stock worth $5,330,639. Insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Trading Up 1.8 %

NASDAQ BWIN opened at $42.46 on Friday. The business’s fifty day moving average is $41.61 and its 200-day moving average is $43.68. 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 stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of -66.34, a PEG ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group, Inc. has a one year low of $31.47 and a one year high of $55.82.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a report on Friday. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 target price on the stock. 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 report on Tuesday. Wells Fargo & Company increased 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 report on Thursday. 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 report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.29.

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.