Federated Hermes Inc. Purchases Shares of 43,849 Baldwin Insurance Group, Inc. $BWIN

Federated Hermes Inc. acquired a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 43,849 shares of the company’s stock, valued at approximately $1,237,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BWIN. Champlain Investment Partners LLC increased its position in Baldwin Insurance Group by 23.0% in the second quarter. Champlain Investment Partners LLC now owns 3,256,446 shares of the company’s stock worth $139,408,000 after purchasing an additional 609,171 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in Baldwin Insurance Group by 8.0% during the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after purchasing an additional 142,506 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Baldwin Insurance Group by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company’s stock worth $72,604,000 after buying an additional 79,869 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Baldwin Insurance Group by 13.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,225,948 shares of the company’s stock worth $52,483,000 after buying an additional 149,101 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Baldwin Insurance Group by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company’s stock worth $37,077,000 after buying an additional 29,137 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Thursday, December 4th. Wells Fargo & Company raised their price objective on Baldwin Insurance Group from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. cut their target price on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Finally, UBS Group decreased 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. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Baldwin Insurance Group currently has a consensus rating of “Hold” and an average target price of $33.83.

Insider Buying and Selling

In other news, insider James Morgan Roche sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the transaction, the insider directly owned 122,113 shares of the company’s stock, valued at approximately $2,955,134.60. This trade represents a 45.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 255,000 shares of company stock valued at $6,119,000. 18.51% of the stock is owned by corporate insiders.

Baldwin Insurance Group Stock Down 9.0%

NASDAQ:BWIN opened at $18.76 on Friday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -43.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33. Baldwin Insurance Group, Inc. has a twelve month low of $18.63 and a twelve month high of $47.15. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $24.48 and a 200-day simple moving average of $28.03.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The company had revenue of $365.39 million for the quarter, compared to the consensus estimate of $364.14 million. During the same quarter last year, the firm posted $0.33 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

About Baldwin Insurance Group

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.