JPMorgan Chase & Co. Acquires 1,175,484 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

JPMorgan Chase & Co. raised its holdings in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 1,946.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,235,868 shares of the company’s stock after buying an additional 1,175,484 shares during the period. JPMorgan Chase & Co.’s holdings in The Baldwin Insurance Group were worth $61,546,000 at the end of the most recent reporting period.

Separately, Lord Abbett & CO. LLC acquired a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at approximately $29,447,000. 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 $38.14 on Friday. The firm has a market capitalization of $4.48 billion, a PE ratio of -59.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a 12 month low of $21.70 and a 12 month high of $55.82. The firm has a fifty day simple moving average of $44.09 and a two-hundred day simple moving average of $44.16.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. Analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BWIN shares. Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their target price on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company restated an “underweight” rating and issued a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. Finally, William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued 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 Baldwin Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.