PNC Financial Services Group Inc. Purchases Shares of 12,325 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

PNC Financial Services Group Inc. acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,325 shares of the company’s stock, valued at approximately $478,000.

Other large investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $32,000. Nisa Investment Advisors LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $33,000. Assetmark Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $38,000. First Horizon Advisors Inc. purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $55,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $59,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Up 4.3 %

NASDAQ BWIN opened at $43.29 on Thursday. The business’s 50-day moving average is $40.36 and its 200 day moving average is $44.22. 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 $5.09 billion, a PE ratio of -67.64, a PEG ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group, Inc. has a 1 year low of $31.47 and a 1 year high of $55.82.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. The trade was a 46.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lowry Baldwin sold 34,901 shares of The Baldwin Insurance Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total value of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares in the company, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BWIN shares. JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods cut their target price on 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

The Baldwin Insurance Group 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.