Diversified Trust Co Purchases New Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Diversified Trust Co purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,336 shares of the company’s stock, valued at approximately $788,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares during the period. Lord Abbett & CO. LLC purchased a new stake in The Baldwin Insurance Group in the 3rd quarter worth $29,447,000. Confluence Investment Management LLC acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $16,747,000. Finally, Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group during the third quarter valued at $263,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $41.00 price target (down from $43.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $45.50.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $36.44 on Friday. The business’s 50 day moving average price is $43.14 and its 200 day moving average price is $44.26. The company has a market cap of $4.28 billion, a price-to-earnings ratio of -56.94, a PEG ratio of 1.27 and a beta of 1.64. 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 Baldwin Insurance Group, Inc. has a one year low of $21.70 and a one year high of $55.82.

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

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.14% of the company’s stock.

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.