Baldwin Insurance Group, Inc. $BWIN Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 10.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,600 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Baldwin Insurance Group were worth $625,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its position in Baldwin Insurance Group by 62.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company’s stock worth $144,462,000 after purchasing an additional 1,238,650 shares in the last quarter. Champlain Investment Partners LLC increased its position in Baldwin Insurance Group by 32.0% during the 1st quarter. Champlain Investment Partners LLC now owns 2,647,275 shares of the company’s stock worth $118,307,000 after purchasing an additional 642,104 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Baldwin Insurance Group by 27.1% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,076,847 shares of the company’s stock worth $48,124,000 after purchasing an additional 229,353 shares in the last quarter. Venator Management LLC increased its position in Baldwin Insurance Group by 4.5% during the 1st quarter. Venator Management LLC now owns 754,845 shares of the company’s stock worth $33,734,000 after purchasing an additional 32,275 shares in the last quarter. Finally, Boston Partners boosted its holdings in Baldwin Insurance Group by 14.3% in the 1st quarter. Boston Partners now owns 600,974 shares of the company’s stock worth $26,513,000 after acquiring an additional 75,009 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BWIN. Weiss Ratings restated a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. BMO Capital Markets restated a “market perform” rating and issued a $33.00 price target (down previously from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.67.

Baldwin Insurance Group Stock Performance

BWIN stock opened at $23.13 on Friday. 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 firm has a market cap of $2.74 billion, a P/E ratio of -79.76, a P/E/G ratio of 1.16 and a beta of 1.39. Baldwin Insurance Group, Inc. has a 12-month low of $23.05 and a 12-month high of $55.70. The stock’s 50 day simple moving average is $30.37 and its 200 day simple moving average is $36.70.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $378.81 million for the quarter, compared to analyst estimates of $375.38 million. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. As a group, equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CFO Bradford Hale acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the purchase, the chief financial officer directly owned 144,659 shares in the company, valued at $4,154,606.48. This represents a 7.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 18.51% of the stock is currently owned by insiders.

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.