Tributary Capital Management LLC Has $23 Million Stock Holdings in Baldwin Insurance Group, Inc. $BWIN

Tributary Capital Management LLC lifted its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 92.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 815,452 shares of the company’s stock after buying an additional 391,847 shares during the period. Tributary Capital Management LLC’s holdings in Baldwin Insurance Group were worth $23,004,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BWIN. First Horizon Advisors Inc. lifted its position in Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after purchasing an additional 419 shares during the period. Teacher Retirement System of Texas increased its holdings in Baldwin Insurance Group by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock valued at $443,000 after buying an additional 470 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Baldwin Insurance Group by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock valued at $579,000 after buying an additional 504 shares in the last quarter. Cetera Trust Company N.A lifted its holdings in shares of Baldwin Insurance Group by 10.1% during the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock worth $258,000 after acquiring an additional 555 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Baldwin Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after acquiring an additional 555 shares during the period. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Wells Fargo & Company raised Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price target for the company in a report on Friday, December 12th. JPMorgan Chase & Co. reduced their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, BMO Capital Markets lowered their target price 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. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.71.

Insiders Place Their Bets

In other Baldwin Insurance Group news, insider James Morgan Roche sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the sale, the insider directly owned 42,113 shares of the company’s stock, valued at $1,011,975.39. The trade was a 65.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 255,000 shares of company stock worth $6,119,000. Insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Price Performance

Shares of BWIN opened at $24.86 on Thursday. 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 $2.95 billion, a PE ratio of -57.81, a PEG ratio of 0.86 and a beta of 1.38. Baldwin Insurance Group, Inc. has a 12-month low of $21.26 and a 12-month high of $47.15. The business has a 50-day simple moving average of $25.26 and a two-hundred day simple moving average of $30.46.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The firm had revenue of $365.39 million for the quarter, compared to analyst estimates of $364.14 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

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.