Baldwin Insurance Group, Inc. $BWIN Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 561.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 451,360 shares of the company’s stock after acquiring an additional 383,137 shares during the period. American Century Companies Inc. owned 0.38% of Baldwin Insurance Group worth $20,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $2,413,000. Renaissance Technologies LLC acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $1,806,000. Raymond James Financial Inc. acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $1,512,000. Barclays PLC acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $4,639,000. Finally, Mariner LLC acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $513,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $33.57 on Friday. The firm’s 50 day moving average is $38.26 and its 200-day moving average is $39.94. The stock has a market capitalization of $3.98 billion, a P/E ratio of -115.76, a P/E/G ratio of 1.50 and a beta of 1.66. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. Baldwin Insurance Group, Inc. has a 12-month low of $28.66 and a 12-month high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN) last announced 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 negative net margin of 1.22% and a positive return on equity of 13.24%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. Equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider James Morgan Roche sold 26,679 shares of Baldwin Insurance Group stock in a transaction that occurred 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 transaction, the insider owned 42,113 shares of the company’s stock, valued at $1,687,467.91. The trade was a 38.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lowry Baldwin sold 62,500 shares of Baldwin Insurance Group stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total transaction of $2,395,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 336,711 shares of company stock worth $13,205,267. 18.51% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets dropped their price target on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, June 13th. Raymond James Financial restated an “outperform” rating and issued a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Zacks Research raised shares of Baldwin Insurance Group to a “strong sell” rating in a research note on Tuesday, August 12th. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. Finally, 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 note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.