8,577 Shares in Baldwin Insurance Group, Inc. $BWIN Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,577 shares of the company’s stock, valued at approximately $367,000.

A number of other hedge funds have also bought and sold shares of BWIN. T. Rowe Price Investment Management Inc. raised its stake in Baldwin Insurance Group by 62.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company’s stock worth $144,462,000 after buying an additional 1,238,650 shares during the last quarter. Champlain Investment Partners LLC raised its stake in Baldwin Insurance Group by 32.0% during the first quarter. Champlain Investment Partners LLC now owns 2,647,275 shares of the company’s stock worth $118,307,000 after buying an additional 642,104 shares during the last quarter. Invesco Ltd. grew its holdings in Baldwin Insurance Group by 794.2% in the first quarter. Invesco Ltd. now owns 556,775 shares of the company’s stock worth $24,882,000 after purchasing an additional 494,508 shares during the period. American Century Companies Inc. grew its holdings in Baldwin Insurance Group by 561.6% in the first quarter. American Century Companies Inc. now owns 451,360 shares of the company’s stock worth $20,171,000 after purchasing an additional 383,137 shares during the period. Finally, Nuveen LLC acquired a new stake in Baldwin Insurance Group in the first quarter worth $12,032,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of research reports. 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 from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th. Raymond James Financial restated 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. JPMorgan Chase & Co. dropped their price objective on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Finally, Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.67.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $22.10 on Monday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -76.21, a P/E/G ratio of 1.08 and a beta of 1.40. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. Baldwin Insurance Group, Inc. has a 52 week low of $21.26 and a 52 week high of $50.46. The firm’s 50-day simple moving average is $28.36 and its two-hundred day simple moving average is $35.22.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. As a group, equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Bradford Hale acquired 10,000 shares of Baldwin Insurance Group stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $28.72 per share, with a total value of $287,200.00. Following the completion of the purchase, the chief financial officer owned 144,659 shares in the company, 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 link. Corporate insiders own 20.14% of the company’s stock.

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.