Entrewealth LLC Makes New $812,000 Investment in Baldwin Insurance Group, Inc. $BWIN

Entrewealth LLC bought a new stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,786 shares of the company’s stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Orion Porfolio Solutions LLC boosted its stake in shares of Baldwin Insurance Group by 4.1% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 23,369 shares of the company’s stock worth $659,000 after acquiring an additional 914 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of Baldwin Insurance Group by 20.3% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock valued at $110,467,000 after acquiring an additional 659,433 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new position in shares of Baldwin Insurance Group in the 3rd quarter valued at approximately $346,000. Quantbot Technologies LP lifted its holdings in Baldwin Insurance Group by 28.3% in the 3rd quarter. Quantbot Technologies LP now owns 10,145 shares of the company’s stock worth $286,000 after purchasing an additional 2,240 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Baldwin Insurance Group by 70.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 25,100 shares of the company’s stock worth $708,000 after purchasing an additional 10,400 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BWIN. UBS Group lowered their price target on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. JPMorgan Chase & Co. reduced their price objective on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $28.00 price objective on shares of Baldwin Insurance Group in a report on Monday, December 15th. BMO Capital Markets lowered their target price on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, December 4th. Finally, Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.17.

Baldwin Insurance Group Stock Down 5.4%

Shares of BWIN opened at $21.03 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50-day simple moving average of $22.00 and a 200-day simple moving average of $25.51. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $47.15. The firm has a market capitalization of $2.50 billion, a P/E ratio of -42.92, a P/E/G ratio of 0.80 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The business had revenue of $347.28 million for the quarter, compared to the consensus estimate of $351.75 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Paul Eugene Sparks bought 15,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of $22.10 per share, for a total transaction of $335,920.00. Following the completion of the purchase, the director owned 996,706 shares of the company’s stock, valued at $22,027,202.60. This trade represents a 1.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Morgan Roche sold 80,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.03, for a total value of $1,922,400.00. Following the completion of the transaction, the insider directly owned 42,113 shares of the company’s stock, valued at approximately $1,011,975.39. This trade represents a 65.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 359,987 shares of company stock worth $8,292,524. 18.51% of the stock is currently owned by company insiders.

Baldwin Insurance Group Company Profile

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.