Capital Research Global Investors Has $72.50 Million Position in Baldwin Insurance Group, Inc. $BWIN

Capital Research Global Investors cut its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 33.2% during the fourth quarter, Holdings Channel reports. The fund owned 3,017,071 shares of the company’s stock after selling 1,496,179 shares during the quarter. Capital Research Global Investors’ holdings in Baldwin Insurance Group were worth $72,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in shares of Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after acquiring an additional 1,053 shares during the last quarter. Dorato Capital Management acquired a new position in shares of Baldwin Insurance Group during the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Baldwin Insurance Group during the 3rd quarter worth approximately $39,000. AlphaQuest LLC increased its holdings in shares of Baldwin Insurance Group by 249.2% during the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock worth $55,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Baldwin Insurance Group during the 1st quarter worth approximately $72,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN opened at $19.24 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s fifty day moving average price is $21.56 and its two-hundred day moving average price is $22.40. Baldwin Insurance Group, Inc. has a one year low of $15.88 and a one year high of $45.16. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -28.72, a P/E/G ratio of 0.76 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The firm had revenue of $532.24 million during the quarter, compared to analyst estimates of $524.07 million. During the same period in the prior year, the company earned $0.65 earnings per share. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 20.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group decreased their target price on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Friday, March 27th. JPMorgan Chase & Co. decreased their target price on Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company boosted their target price on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Finally, TD Cowen assumed coverage on Baldwin Insurance Group in a report on Wednesday, February 25th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.25.

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.