Voya Investment Management LLC Sells 1,649 Shares of Baldwin Insurance Group, Inc. $BWIN

Voya Investment Management LLC lessened its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,169 shares of the company’s stock after selling 1,649 shares during the quarter. Voya Investment Management LLC’s holdings in Baldwin Insurance Group were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Strs Ohio bought a new position in shares of Baldwin Insurance Group during the 1st quarter worth $72,000. State of Wyoming bought a new position in shares of Baldwin Insurance Group during the 4th quarter valued at about $82,000. KBC Group NV grew its position in 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 acquiring an additional 396 shares during the last quarter. XTX Topco Ltd bought a new position in Baldwin Insurance Group during the 1st quarter worth approximately $201,000. Finally, Core Wealth Advisors Inc. bought a new stake in shares of Baldwin Insurance Group in the 1st quarter worth approximately $202,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BWIN. Wells Fargo & Company raised their target price on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an “underweight” rating in a research note on Thursday, July 10th. Zacks Research upgraded Baldwin Insurance Group to a “strong sell” rating in a research note on Tuesday, August 12th. Wall Street Zen raised Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Raymond James Financial reissued an “outperform” rating and set a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Finally, BMO Capital Markets cut 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. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.67.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, CFO Bradford Hale bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the transaction, the chief financial officer directly owned 144,659 shares of the company’s stock, valued at approximately $4,154,606.48. The trade was a 7.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 18.51% of the stock is owned by company insiders.

Baldwin Insurance Group Stock Down 2.4%

Shares of NASDAQ BWIN opened at $29.12 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $3.46 billion, a PE ratio of -100.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The stock’s fifty day simple moving average is $33.82 and its two-hundred day simple moving average is $38.48. 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, meeting the consensus estimate 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 analyst estimates of $375.38 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

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.