Baldwin Insurance Group, Inc. $BWIN Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 44.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,483 shares of the company’s stock after selling 26,319 shares during the quarter. Diversified Trust Co’s holdings in Baldwin Insurance Group were worth $735,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in Baldwin Insurance Group by 666.5% during the fourth quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 1,053 shares during the period. Dorato Capital Management purchased a new position in Baldwin Insurance Group in the fourth quarter valued at $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Baldwin Insurance Group in the third quarter worth about $39,000. Wealth Preservation Advisors LLC acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $46,000. Finally, Strs Ohio purchased a new stake in shares of Baldwin Insurance Group during the 1st quarter worth about $72,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.51% of the stock is owned by insiders.

Baldwin Insurance Group Stock Up 2.0%

BWIN stock opened at $24.87 on Thursday. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $44.69. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.51. The firm has a 50-day simple moving average of $21.15 and a 200-day simple moving average of $21.81. The stock has a market capitalization of $3.55 billion, a P/E ratio of -37.12, a P/E/G ratio of 0.86 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The company had revenue of $532.24 million during the quarter, compared to analysts’ expectations of $524.07 million. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. Equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BWIN has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. raised Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $25.00 to $28.00 in a report on Monday. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Finally, BMO Capital Markets upped their target price on Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $28.89.

Baldwin Insurance Group Company Profile

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.