Pitcairn Co. Takes $387,000 Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Pitcairn Co. bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,997 shares of the company's stock, valued at approximately $387,000.

Several other hedge funds have also made changes to their positions in BWIN. Wealth Enhancement Advisory Services LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $5,115,000. JPMorgan Chase & Co. boosted its holdings in shares of The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $61,546,000 after acquiring an additional 1,175,484 shares in the last quarter. Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $788,000. Principal Financial Group Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter worth about $2,320,000. Finally, Harbor Capital Advisors Inc. purchased a new position in The Baldwin Insurance Group during the fourth quarter worth about $2,000,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Ratings Changes

BWIN has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday. BMO Capital Markets assumed coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price objective on the stock. Wells Fargo & Company increased their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.29.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. This represents a 46.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the transaction, the general counsel now directly owns 8,813 shares of the company's stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Price Performance

Shares of BWIN stock traded up $0.74 during mid-day trading on Friday, reaching $42.46. The stock had a trading volume of 408,057 shares, compared to its average volume of 563,979. The Baldwin Insurance Group, Inc. has a 12-month low of $31.47 and a 12-month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The business has a 50-day simple moving average of $41.61 and a 200 day simple moving average of $43.68. The company has a market cap of $4.99 billion, a P/E ratio of -66.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

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.