Vanguard Group Inc. Has $292.41 Million Stake in Baldwin Insurance Group, Inc. $BWIN

Vanguard Group Inc. decreased its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,543,104 shares of the company’s stock after selling 44,382 shares during the quarter. Vanguard Group Inc. owned about 5.56% of Baldwin Insurance Group worth $292,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Nuveen Asset Management LLC acquired a new stake in Baldwin Insurance Group in the 4th quarter valued at $10,381,000. Bamco Inc. NY bought a new position in Baldwin Insurance Group during the 4th quarter valued at $116,668,000. KBC Group NV raised its stake in shares of Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC raised its stake in shares of Baldwin Insurance Group by 10,061.5% during the 1st quarter. GAMMA Investing LLC now owns 18,189 shares of the company’s stock worth $813,000 after purchasing an additional 18,010 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Baldwin Insurance Group during the 1st quarter worth $441,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock opened at $32.84 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. The company has a market cap of $3.90 billion, a PE ratio of -113.24, a P/E/G ratio of 1.47 and a beta of 1.66. The business has a 50 day moving average of $38.83 and a 200 day moving average of $40.20. Baldwin Insurance Group, Inc. has a 52 week low of $28.66 and a 52 week high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, equities research analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Bradford Hale bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $28.72 per share, with a total value of $287,200.00. Following the completion of the purchase, the chief financial officer owned 144,659 shares in the company, valued at approximately $4,154,606.48. The trade was a 7.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the stock in a transaction on Tuesday, June 3rd. The stock was 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 directly 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 have sold 336,711 shares of company stock valued at $13,205,267 in the last 90 days. Corporate insiders own 20.14% of the company’s stock.

Analysts Set New Price Targets

BWIN has been the topic of a number of research reports. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. BMO Capital Markets decreased their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, June 13th. Raymond James Financial reissued an “outperform” rating and set a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Wells Fargo & Company upped their target price on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a research note on Thursday, July 10th. Finally, Zacks Research raised Baldwin Insurance Group to a “strong sell” rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.67.

Baldwin Insurance Group 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.