Washington Trust Bank Makes New $777,000 Investment in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Washington Trust Bank acquired a new stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,377 shares of the company's stock, valued at approximately $777,000.

Several other institutional investors have also recently added to or reduced their stakes in BWIN. TD Waterhouse Canada Inc. acquired a new position in shares of Baldwin Insurance Group in the 4th quarter valued at $36,000. Assetmark Inc. purchased a new position in shares of Baldwin Insurance Group in the 4th quarter worth $38,000. Premier Fund Managers Ltd acquired a new position in Baldwin Insurance Group in the fourth quarter valued at $44,000. Johnson Financial Group Inc. acquired a new position in Baldwin Insurance Group in the fourth quarter valued at $63,000. Finally, Continuum Advisory LLC purchased a new stake in Baldwin Insurance Group during the fourth quarter valued at about $75,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the sale, the insider owned 42,113 shares in the company, valued at $1,687,467.91. This trade represents a 38.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lowry Baldwin sold 62,500 shares of Baldwin Insurance Group stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total value of $2,395,000.00. The disclosure for this sale can be found here. Insiders sold a total of 451,380 shares of company stock valued at $17,731,131 in the last ninety days. Insiders own 20.14% of the company's stock.

Baldwin Insurance Group Stock Down 1.5%

NASDAQ BWIN traded down $0.59 on Monday, reaching $39.84. The company had a trading volume of 629,036 shares, compared to its average volume of 603,220. The firm has a 50-day moving average of $39.81 and a 200-day moving average of $40.52. The firm has a market capitalization of $4.72 billion, a PE ratio of -76.62, a P/E/G ratio of 1.57 and a beta of 1.64. Baldwin Insurance Group, Inc. has a 1 year low of $34.22 and a 1 year high of $55.82. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BMO Capital Markets cut their price objective 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Wall Street Zen cut shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday. Jefferies Financial Group boosted their price objective on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company increased their price objective on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $44.83.

About Baldwin Insurance Group

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.