Laird Norton Wetherby Trust Company LLC Purchases Shares of 30,780 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,780 shares of the company's stock, valued at approximately $1,193,000.

Other hedge funds have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new stake in The Baldwin Insurance Group in the 4th quarter worth about $32,000. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group during the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth approximately $36,000. Assetmark Inc. bought a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in The Baldwin Insurance Group during the 4th quarter valued at $44,000. 77.49% of the stock is owned by institutional investors.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock traded up $1.50 during trading hours on Thursday, reaching $39.80. 596,156 shares of the company traded hands, compared to its average volume of 561,175. The firm has a 50-day moving average price of $41.90 and a 200 day moving average price of $42.10. The company has a market cap of $4.68 billion, a P/E ratio of -62.19, a P/E/G ratio of 1.17 and a beta of 1.77. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82.

Insiders Place Their Bets

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the sale, the general counsel now owns 8,813 shares of the company's stock, valued at approximately $366,092.02. This trade represents a 58.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Morgan Roche sold 13,340 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $40.02, for a total value of $533,866.80. Following the completion of the transaction, the insider now directly owns 104,622 shares in the company, valued at approximately $4,186,972.44. This represents a 11.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,711 shares of company stock worth $9,144,458. Company insiders own 18.51% of the company's stock.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of research reports. Wells Fargo & Company raised their price target on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 price target (up from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Jefferies Financial Group increased their price objective on shares of The 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, BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, The Baldwin Insurance Group currently has an average rating of "Moderate Buy" and an average target price of $45.29.

The 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.