Zions Bancorporation N.A. Acquires New Stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Zions Bancorporation N.A. bought a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, Holdings Channel.com reports. The fund bought 52,983 shares of the company’s stock, valued at approximately $2,054,000.

A number of other large investors have also made changes to their positions in the company. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $33,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $38,000. First Horizon Advisors Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter worth $55,000. Finally, Parkside Financial Bank & Trust purchased a new position in The Baldwin Insurance Group during the fourth quarter valued at $59,000. 77.49% of the stock is currently owned by institutional investors.

Insider Activity at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was 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 directly owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 8,813 shares in the company, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,836 shares of company stock valued at $5,330,639. Corporate insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Trading Up 1.3 %

The Baldwin Insurance Group stock opened at $46.41 on Wednesday. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82. The firm’s 50 day moving average price is $41.01 and its 200-day moving average price is $44.16. 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 cap of $5.46 billion, a P/E ratio of -72.52, a PEG ratio of 1.17 and a beta of 1.72.

Analysts Set New Price Targets

A number of analysts have commented on BWIN shares. Keefe, Bruyette & Woods reduced their price target 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. Wells Fargo & Company decreased their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned 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 $43.50.

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.