Baldwin Insurance Group, Inc. $BWIN Shares Acquired by IFP Advisors Inc

IFP Advisors Inc grew its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 3,664.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,823 shares of the company’s stock after buying an additional 2,748 shares during the quarter. IFP Advisors Inc’s holdings in Baldwin Insurance Group were worth $128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Baldwin Insurance Group in the 1st quarter valued at about $72,000. KBC Group NV increased its stake 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 valued at $164,000 after purchasing an additional 396 shares in the last quarter. State of Wyoming increased its stake 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 valued at $166,000 after purchasing an additional 1,590 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Baldwin Insurance Group in the 1st quarter valued at about $201,000. Finally, Core Wealth Advisors Inc. purchased a new position in shares of Baldwin Insurance Group in the 1st quarter valued at about $202,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock opened at $23.13 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day simple moving average of $30.37 and a two-hundred day simple moving average of $36.63. The stock has a market capitalization of $2.74 billion, a P/E ratio of -79.76, a PEG ratio of 1.13 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.

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 analysts’ consensus estimates of $0.42. The business had revenue of $378.81 million during 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 business earned $0.34 earnings per share. As a group, analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on BWIN shares. Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. 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. JPMorgan Chase & Co. cut their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. Two research 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. According to data from MarketBeat, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $37.67.

Insider Activity

In related news, CFO Bradford Hale purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was acquired 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 directly owned 144,659 shares of the company’s stock, valued at approximately $4,154,606.48. This trade represents a 7.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.51% of the stock is owned by company 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.