Northern Trust Corp Invests $30.68 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Northern Trust Corp bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 791,507 shares of the company’s stock, valued at approximately $30,679,000. Northern Trust Corp owned approximately 0.67% of The Baldwin Insurance Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter worth about $33,000. TD Waterhouse Canada Inc. bought a new position in The Baldwin Insurance Group during the fourth quarter worth about $36,000. Assetmark Inc. acquired a new stake in The Baldwin Insurance Group during the fourth quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $44,000. 77.49% of the stock is owned by institutional investors.

Insider Activity at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares in the company, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lowry Baldwin sold 34,901 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total value of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares of the company’s stock, valued at $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock valued at $5,330,639 over the last quarter. Corporate insiders own 18.51% of the company’s stock.

The Baldwin Insurance Group Trading Down 1.6 %

BWIN opened at $38.77 on Friday. The Baldwin Insurance Group, Inc. has a 1-year low of $31.47 and a 1-year high of $55.82. The stock has a market capitalization of $4.56 billion, a PE ratio of -60.58, a PEG ratio of 1.17 and a beta of 1.77. 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 firm has a 50-day moving average price of $41.95 and a two-hundred day moving average price of $42.29.

Wall Street Analyst Weigh In

BWIN has been the subject of several analyst reports. Jefferies Financial Group raised their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, April 10th. Finally, BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.29.

The Baldwin Insurance Group 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.