Paul Eugene Sparks Buys 15,200 Shares of Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Paul Eugene Sparks purchased 15,200 shares of Baldwin Insurance Group stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the completion of the transaction, the director owned 996,706 shares in the company, valued at approximately $22,027,202.60. The trade was a 1.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Paul Eugene Sparks also recently made the following trade(s):

• On Monday, March 2nd, Paul Eugene Sparks acquired 29,000 shares of Baldwin Insurance Group stock. The shares were acquired at an average cost of $22.96 per share, with a total value of $665,840.00.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded down $0.24 during trading hours on Wednesday, reaching $22.05. The company’s stock had a trading volume of 1,163,585 shares, compared to its average volume of 1,839,834. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. The business has a 50-day simple moving average of $22.15 and a 200 day simple moving average of $25.62. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $47.15. The stock has a market cap of $2.62 billion, a PE ratio of 21.03, a PEG ratio of 0.80 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The business had revenue of $347.28 million for the quarter, compared to analysts’ expectations of $351.75 million. During the same period in the prior year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BWIN. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. TD Cowen started coverage on shares of Baldwin Insurance Group in a research report on Wednesday, February 25th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. UBS Group dropped their target price on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $28.00 price target on shares of Baldwin Insurance Group in a research report on Monday, December 15th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.17.

Institutional Investors Weigh In On Baldwin Insurance Group

A number of institutional investors have recently bought and sold shares of BWIN. Wealth Preservation Advisors LLC acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $46,000. XTX Topco Ltd acquired a new position in Baldwin Insurance Group in the fourth quarter worth approximately $580,000. VARCOV Co. bought a new position in Baldwin Insurance Group during the fourth quarter valued at approximately $517,000. Twinbeech Capital LP bought a new position in Baldwin Insurance Group during the fourth quarter valued at approximately $908,000. Finally, Aristotle Capital Boston LLC lifted its stake in Baldwin Insurance Group by 12.5% in the fourth quarter. Aristotle Capital Boston LLC now owns 738,160 shares of the company’s stock valued at $17,738,000 after acquiring an additional 82,195 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.