Baldwin Insurance Group, Inc. $BWIN Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,810 shares of the company’s stock after selling 37,574 shares during the period. New York State Common Retirement Fund owned about 0.19% of Baldwin Insurance Group worth $6,201,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Baldwin Insurance Group by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock valued at $1,795,000 after purchasing an additional 2,309 shares in the last quarter. Millennium Management LLC boosted its position in shares of Baldwin Insurance Group by 371.9% in the first quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock worth $11,384,000 after buying an additional 200,754 shares during the period. NewEdge Advisors LLC grew its stake in shares of Baldwin Insurance Group by 6.7% in the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after buying an additional 700 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Baldwin Insurance Group by 3.6% in the first quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock valued at $16,964,000 after buying an additional 13,058 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Baldwin Insurance Group by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock valued at $8,475,000 after buying an additional 11,768 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BWIN. JPMorgan Chase & Co. decreased their price target on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, January 7th. Wells Fargo & Company upped their target price on shares of 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. Jefferies Financial Group reaffirmed a “hold” rating and set a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. UBS Group cut their price objective on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Two equities research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.83.

Insider Activity at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 122,113 shares of the company’s stock, valued at $2,955,134.60. This represents a 45.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 255,000 shares of company stock valued at $6,119,000. Insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $18.76 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The company’s 50-day simple moving average is $24.48 and its 200-day simple moving average is $28.03. Baldwin Insurance Group, Inc. has a one year low of $18.63 and a one year high of $47.15. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -43.63, a PEG ratio of 0.75 and a beta of 1.33.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The business had revenue of $365.39 million during the quarter, compared to the consensus estimate of $364.14 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

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.