Principal Financial Group Inc. Has $2.79 Million Position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Principal Financial Group Inc. increased its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,405 shares of the company’s stock after purchasing an additional 2,546 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of Baldwin Insurance Group worth $2,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new position in shares of Baldwin Insurance Group during the fourth quarter worth $321,000. Proficio Capital Partners LLC bought a new stake in Baldwin Insurance Group during the 4th quarter worth $805,000. Raymond James Financial Inc. acquired a new position in Baldwin Insurance Group in the 4th quarter worth about $1,512,000. Swiss National Bank bought a new position in Baldwin Insurance Group in the fourth quarter valued at about $5,085,000. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Baldwin Insurance Group during the fourth quarter valued at about $3,161,000. Institutional investors own 77.49% of the company’s stock.

Insider Activity

In related news, Director Lowry Baldwin sold 62,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total transaction of $2,395,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Morgan Roche sold 26,679 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the transaction, the insider directly owned 42,113 shares in the company, valued at approximately $1,687,467.91. This trade represents a 38.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock valued at $17,731,131 in the last ninety days. 18.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BWIN. Jefferies Financial Group raised their price objective on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a report on Friday, April 11th. Wells Fargo & Company raised their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, July 10th. Wall Street Zen cut shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, BMO Capital Markets cut their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, June 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Baldwin Insurance Group currently has an average rating of “Hold” and an average target price of $45.17.

Baldwin Insurance Group Price Performance

BWIN stock opened at $41.84 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of -80.46, a PEG ratio of 1.68 and a beta of 1.64. The company’s fifty day simple moving average is $39.83 and its 200 day simple moving average is $40.62. Baldwin Insurance Group, Inc. has a 12-month low of $34.22 and a 12-month high of $55.82.

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.