GW&K Investment Management LLC Has $501,000 Holdings in Baldwin Insurance Group, Inc. $BWIN

GW&K Investment Management LLC lessened its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 96.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,762 shares of the company’s stock after selling 555,762 shares during the quarter. GW&K Investment Management LLC’s holdings in Baldwin Insurance Group were worth $501,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of Baldwin Insurance Group during the second quarter worth approximately $30,000. AlphaQuest LLC lifted its holdings in Baldwin Insurance Group by 249.2% in the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after buying an additional 1,393 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Baldwin Insurance Group in the second quarter valued at approximately $58,000. Strs Ohio bought a new position in Baldwin Insurance Group in the first quarter valued at approximately $72,000. Finally, First Horizon Advisors Inc. grew its holdings in Baldwin Insurance Group by 29.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Insiders Place Their Bets

In other Baldwin Insurance Group news, Director Paul Eugene Sparks bought 29,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of $22.96 per share, with a total value of $665,840.00. Following the completion of the purchase, the director owned 981,506 shares in the company, valued at approximately $22,535,377.76. The trade was a 3.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James Morgan Roche sold 100,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $24.20, for a total value of $2,420,000.00. Following the completion of the sale, the insider owned 122,113 shares of the company’s stock, valued at $2,955,134.60. This trade represents a 45.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 359,987 shares of company stock worth $8,292,524. Corporate insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Trading Down 5.4%

BWIN opened at $21.03 on Friday. The firm’s fifty day moving average is $22.00 and its two-hundred day moving average is $25.46. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $2.50 billion, a PE ratio of -42.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.30. Baldwin Insurance Group, Inc. has a twelve month low of $15.88 and a twelve month high of $47.15.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Analyst Ratings Changes

BWIN has been the subject of several recent research reports. Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Wells Fargo & Company reduced their price target on Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. 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 note on Thursday, December 4th. TD Cowen assumed coverage on Baldwin Insurance Group in a report on Wednesday, February 25th. They issued a “buy” rating for the company. Finally, Raymond James Financial raised Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $20.00 to $30.00 in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.17.

Baldwin Insurance Group Profile

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.