Baldwin Insurance Group, Inc. $BWIN Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 9.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,901 shares of the company’s stock after selling 5,480 shares during the period. Deutsche Bank AG’s holdings in Baldwin Insurance Group were worth $2,409,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth about $36,000. Johnson Financial Group Inc. bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth about $63,000. Continuum Advisory LLC bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth about $75,000. State of Wyoming bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth about $82,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth about $85,000. Institutional investors own 77.49% of the company’s stock.

Insider Activity at Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 117,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the transaction, the chief executive officer owned 27,676 shares in the company, valued at approximately $1,102,335.08. This trade represents a 80.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bradford Hale acquired 10,000 shares of Baldwin Insurance Group stock in a transaction dated Thursday, August 7th. The shares were acquired at an average price of $28.72 per share, with a total value of $287,200.00. Following the transaction, the chief financial officer owned 144,659 shares in the company, valued at approximately $4,154,606.48. This represents a 7.43% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 336,711 shares of company stock worth $13,205,267. Company insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $33.61 on Thursday. The firm has a 50-day moving average price of $38.48 and a 200 day moving average price of $40.05. The firm has a market capitalization of $3.99 billion, a PE ratio of -115.90, a P/E/G ratio of 1.49 and a beta of 1.66. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The firm had revenue of $378.81 million during the quarter, compared to analyst estimates of $375.38 million. During the same quarter in the prior year, the firm posted $0.34 EPS. Baldwin Insurance Group’s revenue was up 11.5% compared to the same quarter last year. On average, 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 equities analysts have recently commented on BWIN shares. Raymond James Financial restated an “outperform” rating and set a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Wall Street Zen lowered shares of 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 shares of 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. Wells Fargo & Company upped their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, July 10th. Finally, Zacks Research upgraded shares of Baldwin Insurance Group to a “strong sell” rating in a research report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.