Zions Bancorporation N.A. Acquires Shares of 52,983 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Zions Bancorporation N.A. bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 52,983 shares of the company’s stock, valued at approximately $2,054,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in The Baldwin Insurance Group during the 4th quarter valued at approximately $255,331,000. William Blair Investment Management LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $190,218,000. JPMorgan Chase & Co. lifted its stake in The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after acquiring an additional 1,175,484 shares during the period. Bank of New York Mellon Corp bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at $37,091,000. Finally, Emerald Advisers LLC purchased a new position in The Baldwin Insurance Group during the 4th quarter valued at $33,608,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN opened at $46.41 on Wednesday. The company has a 50 day simple moving average of $41.01 and a two-hundred day simple moving average of $44.16. The Baldwin Insurance Group, Inc. has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of -72.52, a P/E/G ratio of 1.17 and a beta of 1.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Insider Buying and Selling

In related news, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares of the company’s stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 in the last 90 days. Insiders own 20.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods decreased their target price 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. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.