Washington Trust Bank Buys Shares of 17,377 Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

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

Several other institutional investors have also bought and sold shares of BWIN. TD Waterhouse Canada Inc. bought a new stake in Baldwin Insurance Group in the fourth quarter worth about $36,000. Assetmark Inc. acquired a new position in Baldwin Insurance Group during the 4th quarter valued at approximately $38,000. Premier Fund Managers Ltd acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $44,000. Johnson Financial Group Inc. purchased a new position in Baldwin Insurance Group during the fourth quarter valued at approximately $63,000. Finally, Continuum Advisory LLC acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $75,000. Institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN traded up $1.07 during trading on Thursday, hitting $41.24. 400,912 shares of the stock were exchanged, compared to its average volume of 604,986. Baldwin Insurance Group, Inc. has a 12-month low of $34.22 and a 12-month high of $55.82. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. The company has a fifty day moving average price of $39.68 and a two-hundred day moving average price of $40.51. The company has a market cap of $4.89 billion, a PE ratio of -79.31, a P/E/G ratio of 1.53 and a beta of 1.64.

Insider Buying and Selling at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 26,679 shares of Baldwin Insurance Group 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 transaction, the insider directly owned 42,113 shares in the company, valued at $1,687,467.91. The trade was a 38.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the stock in a transaction on Wednesday, May 28th. The shares were 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. In the last three months, insiders sold 451,380 shares of company stock worth $17,731,131. 18.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BWIN has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research report on Thursday. Wall Street Zen lowered Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. 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 research report on Friday, June 13th. Finally, Jefferies Financial Group boosted their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $45.17.

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.