Loomis Sayles & Co. L P Sells 26,446 Shares of Baldwin Insurance Group, Inc. $BWIN

Loomis Sayles & Co. L P reduced its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,091,493 shares of the company’s stock after selling 26,446 shares during the period. Loomis Sayles & Co. L P’s holdings in Baldwin Insurance Group were worth $46,727,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BWIN. American Century Companies Inc. raised its holdings in shares of Baldwin Insurance Group by 561.6% in the 1st quarter. American Century Companies Inc. now owns 451,360 shares of the company’s stock valued at $20,171,000 after purchasing an additional 383,137 shares in the last quarter. HighTower Advisors LLC purchased a new position in Baldwin Insurance Group during the first quarter valued at approximately $1,860,000. Zions Bancorporation National Association UT purchased a new position in Baldwin Insurance Group during the first quarter valued at approximately $2,514,000. Invesco Ltd. raised its stake in Baldwin Insurance Group by 794.2% in the first quarter. Invesco Ltd. now owns 556,775 shares of the company’s stock worth $24,882,000 after buying an additional 494,508 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Baldwin Insurance Group by 70.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,439 shares of the company’s stock worth $1,405,000 after buying an additional 13,000 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. BMO Capital Markets raised their price objective on Baldwin Insurance Group from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. cut their target price on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. UBS Group decreased their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Wells Fargo & Company lowered their price target on shares of Baldwin Insurance Group from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, November 5th. Three 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. According to data from MarketBeat, Baldwin Insurance Group currently has an average rating of “Hold” and an average target price of $38.57.

Baldwin Insurance Group Trading Up 2.6%

Baldwin Insurance Group stock opened at $28.45 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $3.38 billion, a PE ratio of -66.15, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40. The stock has a 50-day moving average of $26.48 and a two-hundred day moving average of $33.31. Baldwin Insurance Group, Inc. has a one year low of $21.26 and a one year high of $50.46.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $365.39 million for the quarter, compared to analyst estimates 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 was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

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.