Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock Holdings Lifted by Diversified Trust Co

Diversified Trust Co increased its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 35.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,542 shares of the company's stock after buying an additional 7,206 shares during the quarter. Diversified Trust Co's holdings in Baldwin Insurance Group were worth $1,231,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. FMR LLC acquired a new position in Baldwin Insurance Group in the 4th quarter worth $325,535,000. Vanguard Group Inc. acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $255,331,000. William Blair Investment Management LLC acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $190,218,000. Bamco Inc. NY purchased a new position in Baldwin Insurance Group in the fourth quarter valued at about $116,668,000. Finally, Capital International Investors purchased a new position in Baldwin Insurance Group in the fourth quarter valued at about $99,040,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of the stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Trevor Baldwin sold 117,000 shares of Baldwin Insurance Group stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00. Following the transaction, the chief executive officer directly owned 27,676 shares in the company, valued at approximately $1,102,335.08. The trade was a 80.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 451,380 shares of company stock worth $17,731,131. Insiders own 20.14% of the company's stock.

Baldwin Insurance Group Stock Performance

Shares of Baldwin Insurance Group stock traded down $1.23 on Tuesday, reaching $41.58. 701,854 shares of the company were exchanged, compared to its average volume of 598,742. Baldwin Insurance Group, Inc. has a 1-year low of $34.22 and a 1-year high of $55.82. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -79.96, a P/E/G ratio of 1.66 and a beta of 1.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50-day moving average is $39.93 and its two-hundred day moving average is $40.50.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BWIN. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 target price (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Jefferies Financial Group upped their price target 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. BMO Capital Markets decreased their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 13th. Wells Fargo & Company upped their target price on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. Finally, Wall Street Zen raised shares of Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research report on Sunday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $44.83.

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.