CANADA LIFE ASSURANCE Co Acquires Shares of 18,427 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

CANADA LIFE ASSURANCE Co bought a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 18,427 shares of the company’s stock, valued at approximately $713,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $325,535,000. Vanguard Group Inc. bought a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $255,331,000. William Blair Investment Management LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $190,218,000. Champlain Investment Partners LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $77,720,000. Finally, Geode Capital Management LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $60,586,000. 77.49% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Down 0.3 %

NASDAQ BWIN opened at $42.09 on Wednesday. The company has a market capitalization of $4.95 billion, a P/E ratio of -65.77, a PEG ratio of 1.17 and a beta of 1.52. 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 company’s 50 day simple moving average is $41.88 and its 200 day simple moving average is $43.00.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were 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 owns 90,099 shares in the company, valued at $3,623,781.78. This represents a 27.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the completion of the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,836 shares of company stock valued at $5,330,639. Corporate insiders own 20.14% of the company’s stock.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, April 10th. Jefferies Financial Group boosted their price target 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, April 11th. BMO Capital Markets started coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an “outperform” rating and a $53.00 price target on the stock. Keefe, Bruyette & Woods reduced their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four 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 presently has an average 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.