Russell Investments Group Ltd. Invests $2.44 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Russell Investments Group Ltd. purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,922 shares of the company’s stock, valued at approximately $2,439,000. Russell Investments Group Ltd. owned 0.05% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $255,331,000. William Blair Investment Management LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at about $190,218,000. JPMorgan Chase & Co. raised its stake in The Baldwin Insurance Group by 35.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,673,944 shares of the company’s stock valued at $64,882,000 after buying an additional 438,076 shares in the last quarter. Geode Capital Management LLC bought a new position in The Baldwin Insurance Group during the 4th quarter worth approximately $60,586,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $44,246,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $42.13 on Friday. 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 firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of -65.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The business has a 50 day simple moving average of $41.74 and a 200 day simple moving average of $43.48.

Wall Street Analyst Weigh In

BWIN has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on 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. JPMorgan Chase & Co. restated a “neutral” rating and issued a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Wells Fargo & Company boosted 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 research report on Thursday, April 10th. Jefferies Financial Group raised 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 report on Friday, April 11th. Finally, BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an “outperform” rating and a $53.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.29.

Insiders Place Their Bets

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company’s stock, valued at $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Trevor Baldwin sold 15,902 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at approximately $523,167.66. The trade was a 54.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by company insiders.

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.