Diversified Trust Co Makes New $788,000 Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Diversified Trust Co bought 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,336 shares of the company's stock, valued at approximately $788,000.

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

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded down $0.72 during mid-day trading on Friday, reaching $35.72. 688,043 shares of the stock were exchanged, compared to its average volume of 574,991. The company has a market capitalization of $4.20 billion, a P/E ratio of -55.81, a P/E/G 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 business's 50 day moving average is $43.14 and its 200-day moving average is $44.26. The Baldwin Insurance Group, Inc. has a 1 year low of $21.70 and a 1 year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) 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 business had revenue of $339.90 million during the quarter, compared to analysts' expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The Baldwin Insurance Group's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on BWIN. William Blair raised The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $41.00 target price (down previously from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. Keefe, Bruyette & Woods reduced their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. Finally, Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Insider Transactions at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 20.14% of the company's stock.

About The 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.