Fiera Capital Corp Takes Position in Baldwin Insurance Group, Inc. $BWIN

Fiera Capital Corp acquired a new stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the second quarter, according to its most recent filing with the SEC. The fund acquired 778,940 shares of the company’s stock, valued at approximately $33,346,000. Fiera Capital Corp owned 0.66% of Baldwin Insurance Group as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in shares of Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after buying an additional 419 shares during the period. US Bancorp DE grew its stake in Baldwin Insurance Group by 6.5% during the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock valued at $328,000 after acquiring an additional 450 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Baldwin Insurance Group by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock valued at $443,000 after acquiring an additional 470 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Baldwin Insurance Group by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after acquiring an additional 504 shares during the period. Finally, Cetera Trust Company N.A lifted its stake in Baldwin Insurance Group by 10.1% in the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock worth $258,000 after purchasing an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BWIN shares. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. UBS Group dropped their price objective on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their target price on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Wells Fargo & Company lowered their price target on Baldwin Insurance Group from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, November 5th. Finally, Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.57.

Baldwin Insurance Group Stock Down 0.1%

BWIN opened at $27.80 on Friday. The business’s fifty day simple moving average is $27.30 and its 200 day simple moving average is $34.31. Baldwin Insurance Group, Inc. has a 52 week low of $21.26 and a 52 week high of $50.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.45. The stock has a market cap of $3.30 billion, a PE ratio of -64.65, a P/E/G ratio of 1.30 and a beta of 1.40.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $365.39 million during the quarter, compared to analysts’ expectations of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. As a group, research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

About Baldwin Insurance Group

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.