Baldwin Insurance Group, Inc. $BWIN Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,851,874 shares of the company’s stock after purchasing an additional 287,241 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Baldwin Insurance Group worth $164,651,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BWIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Baldwin Insurance Group by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock worth $1,795,000 after purchasing an additional 2,309 shares during the period. Millennium Management LLC lifted its position in Baldwin Insurance Group by 371.9% in the first quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock worth $11,384,000 after purchasing an additional 200,754 shares during the period. NewEdge Advisors LLC lifted its position in Baldwin Insurance Group by 6.7% in the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after purchasing an additional 700 shares during the period. Goldman Sachs Group Inc. lifted its position in Baldwin Insurance Group by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after purchasing an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Baldwin Insurance Group by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock valued at $8,475,000 after acquiring an additional 11,768 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $20.18 on Monday. The company’s fifty day moving average is $22.18 and its two-hundred day moving average is $23.18. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.51. Baldwin Insurance Group, Inc. has a 12-month low of $15.88 and a 12-month high of $45.16. The company has a market cap of $2.88 billion, a P/E ratio of -30.12, a price-to-earnings-growth ratio of 0.78 and a beta of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $524.07 million. During the same period last year, the firm earned $0.65 earnings per share. Baldwin Insurance Group’s revenue for the quarter was up 28.7% compared to the same quarter last year. Equities analysts expect that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Eugene Sparks bought 15,200 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $22.10 per share, for a total transaction of $335,920.00. Following the completion of the purchase, the director owned 996,706 shares in the company, valued at approximately $22,027,202.60. This trade represents a 1.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 321,987 shares of company stock worth $6,831,404. Company insiders own 20.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BWIN shares. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $20.00 to $30.00 in a research report on Friday, February 27th. JPMorgan Chase & Co. cut their price objective on Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Zacks Research downgraded Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. One investment 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 company’s stock. According to data from MarketBeat, Baldwin Insurance Group presently has an average rating of “Hold” and a consensus price target of $30.25.

Baldwin Insurance Group Company 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.