KBC Group NV Purchases New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

KBC Group NV purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,279 shares of the company’s stock, valued at approximately $127,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $33,000. Flagship Harbor Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at about $200,000. Cetera Trust Company N.A acquired a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $212,000. Peapack Gladstone Financial Corp acquired a new stake in The Baldwin Insurance Group during the 3rd quarter worth $263,000. Finally, Janney Montgomery Scott LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $269,000. 77.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWIN. Wells Fargo & Company cut their price target on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods dropped 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.50.

The Baldwin Insurance Group Stock Up 2.8 %

Shares of BWIN opened at $42.26 on Friday. The firm’s 50-day simple moving average is $40.91 and its 200 day simple moving average is $44.70. 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 firm has a market cap of $4.97 billion, a P/E ratio of -66.03, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63. The Baldwin Insurance Group, Inc. has a 52 week low of $22.35 and a 52 week high of $55.82.

Insider Activity

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the sale, the insider now owns 232,570 shares in the company, valued at $10,507,512.60. The trade was a 45.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.14% of the stock is owned by company insiders.

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.