Truist Financial Corp Invests $397,000 in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Truist Financial Corp purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,234 shares of the company’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $5,115,000. JPMorgan Chase & Co. raised its stake in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares during the last quarter. Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $788,000. Harbor Capital Advisors Inc. purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth about $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new stake in The Baldwin Insurance Group during the 3rd quarter worth about $263,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Up 3.3 %

BWIN opened at $40.48 on Wednesday. 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 stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of -63.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business has a 50-day moving average of $39.91 and a two-hundred day moving average of $44.57. The Baldwin Insurance Group, Inc. has a 12 month low of $26.08 and a 12 month high of $55.82.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the sale, the general counsel now 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. Insiders sold 291,906 shares of company stock worth $12,955,475 in the last 90 days. 20.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on BWIN. JPMorgan Chase & Co. dropped their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods dropped their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.50.

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.