591,317 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned 0.50% of The Baldwin Insurance Group as of its most recent SEC filing.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BWIN has been the topic of several analyst reports. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company reissued an “underweight” rating and issued a $41.00 target price (down from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.83.

The Baldwin Insurance Group Trading Down 2.0 %

BWIN stock opened at $40.96 on Monday. The company has a market cap of $4.82 billion, a P/E ratio of -64.00, a PEG ratio of 1.27 and a beta of 1.58. The Baldwin Insurance Group, Inc. has a twelve month low of $21.70 and a twelve month high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $47.99 and a 200-day moving average of $43.72.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

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.