LPL Financial LLC Has $3.10 Million Stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

LPL Financial LLC increased its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,629 shares of the company’s stock after buying an additional 6,583 shares during the quarter. LPL Financial LLC owned 0.06% of Baldwin Insurance Group worth $3,096,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nuveen Asset Management LLC bought a new stake in Baldwin Insurance Group during the fourth quarter worth $10,381,000. Bamco Inc. NY purchased a new stake in Baldwin Insurance Group during the 4th quarter worth about $116,668,000. KBC Group NV raised its holdings in shares of Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock valued at $164,000 after acquiring an additional 396 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Baldwin Insurance Group by 10,061.5% in the 1st quarter. GAMMA Investing LLC now owns 18,189 shares of the company’s stock valued at $813,000 after acquiring an additional 18,010 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Baldwin Insurance Group during the 1st quarter valued at about $441,000. Institutional investors own 77.49% of the company’s stock.

Insider Buying and Selling

In other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the transaction, the insider owned 42,113 shares in the company, valued at $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lowry Baldwin sold 50,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $38.98, for a total transaction of $1,949,000.00. The disclosure for this sale can be found here. Insiders have sold 336,711 shares of company stock valued at $13,205,267 over the last quarter. 18.51% of the stock is owned by corporate insiders.

Baldwin Insurance Group Price Performance

Shares of BWIN opened at $32.84 on Friday. Baldwin Insurance Group, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $55.82. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $3.90 billion, a P/E ratio of -113.24, a P/E/G ratio of 1.47 and a beta of 1.66. The business’s 50-day moving average is $38.83 and its two-hundred day moving average is $40.21.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $378.81 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.34 EPS. Research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective 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. Raymond James Financial reiterated an “outperform” rating and set a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. BMO Capital Markets decreased their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, June 13th. Zacks Research raised Baldwin Insurance Group to a “strong sell” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Baldwin Insurance Group presently has an average rating of “Hold” and a consensus price target of $43.67.

About Baldwin Insurance Group

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.