US Bancorp DE Raises Holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

US Bancorp DE increased its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,337 shares of the company’s stock after acquiring an additional 450 shares during the period. US Bancorp DE’s holdings in Baldwin Insurance Group were worth $328,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Bamco Inc. NY purchased a new position in Baldwin Insurance Group in the fourth quarter worth approximately $116,668,000. Capital International Investors purchased a new position in Baldwin Insurance Group in the fourth quarter worth approximately $99,040,000. Capital Research Global Investors purchased a new position in Baldwin Insurance Group in the fourth quarter worth approximately $87,572,000. Champlain Investment Partners LLC purchased a new position in Baldwin Insurance Group in the fourth quarter worth approximately $77,720,000. Finally, T. Rowe Price Investment Management Inc. purchased a new position in Baldwin Insurance Group in the fourth quarter worth approximately $77,283,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Baldwin Insurance Group

In related news, CFO Bradford Hale bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the acquisition, the chief financial officer owned 144,659 shares in the company, valued at approximately $4,154,606.48. This trade represents a 7.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $39.58, for a total value of $177,951.68. Following the completion of the sale, the general counsel owned 13,240 shares in the company, valued at approximately $524,039.20. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,283 shares of company stock valued at $13,348,290 in the last 90 days. Insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Trading Up 4.3%

NASDAQ:BWIN opened at $34.19 on Thursday. The firm has a market cap of $4.05 billion, a PE ratio of -117.90, a price-to-earnings-growth ratio of 1.43 and a beta of 1.66. The stock has a fifty day moving average price of $39.04 and a 200 day moving average price of $40.34. Baldwin Insurance Group, Inc. has a 12-month low of $28.66 and a 12-month high of $55.82. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $378.81 million during the quarter, compared to analyst estimates of $375.38 million. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%. Baldwin Insurance Group’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. Sell-side analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BWIN shares. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Monday, July 7th. BMO Capital Markets lowered their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, June 13th. Finally, Wells Fargo & Company raised their price target on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.67.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.