Laird Norton Wetherby Trust Company LLC Has $2.76 Million Stock Position in Baldwin Insurance Group, Inc. $BWIN

Laird Norton Wetherby Trust Company LLC increased its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 218.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,972 shares of the company’s stock after purchasing an additional 67,192 shares during the quarter. Laird Norton Wetherby Trust Company LLC’s holdings in Baldwin Insurance Group were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BWIN. Champlain Investment Partners LLC boosted its holdings in shares of Baldwin Insurance Group by 20.3% in the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after buying an additional 659,433 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Baldwin Insurance Group by 8.0% during the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after acquiring an additional 142,506 shares during the period. Geode Capital Management LLC lifted its position in shares of Baldwin Insurance Group by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company’s stock valued at $72,604,000 after acquiring an additional 79,869 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Baldwin Insurance Group by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company’s stock worth $42,713,000 after purchasing an additional 158,199 shares during the period. Finally, Capital World Investors boosted its stake in Baldwin Insurance Group by 24.8% in the 3rd quarter. Capital World Investors now owns 1,259,949 shares of the company’s stock worth $35,543,000 after purchasing an additional 250,000 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul Eugene Sparks bought 15,200 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $22.10 per share, with a total value of $335,920.00. Following the transaction, the director directly owned 996,706 shares in the company, valued at approximately $22,027,202.60. This trade represents a 1.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $21.25, for a total value of $2,549,723.75. The SEC filing for this sale provides additional information. 20.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BWIN. Raymond James Financial raised shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $20.00 to $30.00 in a research note on Friday, February 27th. Zacks Research cut Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. TD Cowen started coverage on Baldwin Insurance Group in a research report on Wednesday, February 25th. They set a “buy” rating on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Finally, BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.00.

Baldwin Insurance Group Stock Up 0.2%

BWIN stock opened at $21.11 on Tuesday. Baldwin Insurance Group, Inc. has a 12-month low of $15.88 and a 12-month high of $47.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -43.08, a PEG ratio of 0.77 and a beta of 1.30. The company has a 50 day moving average of $21.52 and a two-hundred day moving average of $24.89.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The company had revenue of $347.28 million during the quarter, compared to analyst estimates of $351.75 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

About Baldwin Insurance Group

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.