Public Employees Retirement System of Ohio Raises Stake in Baldwin Insurance Group, Inc. $BWIN

Public Employees Retirement System of Ohio increased its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 9.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 62,011 shares of the company’s stock after buying an additional 5,368 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Baldwin Insurance Group worth $2,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of Baldwin Insurance Group in the 1st quarter worth about $72,000. KBC Group NV boosted its holdings in shares of Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after buying an additional 396 shares during the last quarter. State of Wyoming boosted its holdings in shares of Baldwin Insurance Group by 74.8% in the 1st quarter. State of Wyoming now owns 3,716 shares of the company’s stock worth $166,000 after buying an additional 1,590 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Baldwin Insurance Group in the 1st quarter worth about $201,000. Finally, Core Wealth Advisors Inc. purchased a new position in shares of Baldwin Insurance Group in the 1st quarter worth about $202,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Price Performance

BWIN stock opened at $27.12 on Thursday. The firm has a 50 day moving average of $32.48 and a 200-day moving average of $38.09. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53. Baldwin Insurance Group, Inc. has a 12 month low of $27.11 and a 12 month high of $55.82. The firm has a market capitalization of $3.22 billion, a P/E ratio of -93.52, a price-to-earnings-growth ratio of 1.26 and a beta of 1.39.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 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 company had revenue of $378.81 million during the quarter, compared to analyst estimates of $375.38 million. During the same period last year, the business earned $0.34 earnings per share. Baldwin Insurance Group’s revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In other news, CFO Bradford Hale acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the transaction, the chief financial officer owned 144,659 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Company insiders own 18.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWIN. Wells Fargo & Company increased their target price 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. Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Raymond James Financial reiterated an “outperform” rating and set a $40.00 target price (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. BMO Capital Markets cut their target price 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. Finally, Zacks Research upgraded shares of Baldwin Insurance Group to a “strong sell” rating in a research report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Baldwin Insurance Group currently has an average rating of “Hold” and a consensus 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.