The Manufacturers Life Insurance Company Buys Shares of 35,507 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

The Manufacturers Life Insurance Company bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 35,507 shares of the company’s stock, valued at approximately $1,376,000.

A number of other large investors also recently bought and sold shares of the stock. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $33,000. TD Waterhouse Canada Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $36,000. Assetmark Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $38,000. Finally, Premier Fund Managers Ltd acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on BWIN shares. Wells Fargo & Company upped 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 research report on Thursday, April 10th. BMO Capital Markets began 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 price target on the stock. Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given 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.

Insider Buying and Selling

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 transaction, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. This represents a 27.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This represents a 54.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,836 shares of company stock worth $5,330,639. Company insiders own 18.51% of the company’s stock.

The Baldwin Insurance Group Stock Up 1.4%

BWIN stock opened at $39.37 on Tuesday. The company’s 50 day moving average price is $41.92 and its 200 day moving average price is $42.15. 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 fifty-two week low of $31.47 and a fifty-two week high of $55.82. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of -61.52, a PEG ratio of 1.17 and a beta of 1.77.

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.