New World Advisors LLC Purchases New Holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

New World Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,295 shares of the company’s stock, valued at approximately $709,000. The Baldwin Insurance Group accounts for approximately 0.2% of New World Advisors LLC’s portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in The Baldwin Insurance Group in the 3rd quarter worth $29,447,000. Tributary Capital Management LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter worth $18,287,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth about $16,747,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth about $16,146,000. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. 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 for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. One equities research 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. Based on data from MarketBeat, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

The Baldwin Insurance Group Stock Down 2.7 %

The Baldwin Insurance Group stock opened at $39.18 on Monday. The stock has a market cap of $4.61 billion, a P/E ratio of -61.22, a P/E/G ratio of 1.17 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a twelve month low of $26.08 and a twelve month high of $55.82. The company’s 50-day moving average price is $39.87 and its two-hundred day moving average price is $44.65.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.14% of the company’s stock.

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.