HighTower Advisors LLC Makes New Investment in Baldwin Insurance Group, Inc. $BWIN

HighTower Advisors LLC acquired a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 41,609 shares of the company’s stock, valued at approximately $1,860,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWIN. Bamco Inc. NY bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $116,668,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $77,283,000. Westwood Holdings Group Inc. bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $77,164,000. Dimensional Fund Advisors LP bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $43,689,000. Finally, Royal Bank of Canada bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at approximately $33,926,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Baldwin Insurance Group Price Performance

Shares of BWIN opened at $33.57 on Friday. The company has a market cap of $3.98 billion, a P/E ratio of -115.76, a PEG ratio of 1.50 and a beta of 1.66. The stock has a fifty day moving average price of $38.26 and a 200 day moving average price of $39.94. 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 issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The firm had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. During the same period in the prior year, the business earned $0.34 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. On average, research analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Trevor Baldwin sold 117,000 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00. Following the transaction, the chief executive officer owned 27,676 shares of the company’s stock, valued at $1,102,335.08. This trade represents a 80.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 336,711 shares of company stock worth $13,205,267 in the last ninety days. 18.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Baldwin Insurance Group to a “strong sell” rating in a report on Tuesday, August 12th. Wall Street Zen downgraded Baldwin Insurance Group from a “hold” rating to a “sell” rating in a 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 report on Friday, June 13th. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Finally, Wells Fargo & Company boosted their price target on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Baldwin Insurance Group presently has an average rating of “Hold” and an average 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.