Austin Wealth Management LLC Takes $812,000 Position in Baldwin Insurance Group, Inc. $BWIN

Austin Wealth Management LLC acquired a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 28,786 shares of the company’s stock, valued at approximately $812,000.

Several other institutional investors have also recently added to or reduced their stakes in BWIN. Champlain Investment Partners LLC lifted its stake in Baldwin Insurance Group by 23.0% during 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 in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Baldwin Insurance Group by 8.0% in the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after buying an additional 142,506 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $72,604,000 after buying an additional 79,869 shares during the period. Westfield Capital Management Co. LP raised 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 valued at $52,483,000 after buying an additional 149,101 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Baldwin Insurance Group by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company’s stock worth $37,077,000 after acquiring an additional 29,137 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BWIN. Jefferies Financial Group reaffirmed a “hold” rating and issued a $28.00 target price on shares of Baldwin Insurance Group in a research report on Monday, December 15th. Wall Street Zen raised shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. dropped 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 report on Wednesday, January 7th. BMO Capital Markets reduced 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 report on Thursday, December 4th. Finally, Wells Fargo & Company upped their price objective on Baldwin Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.83.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the transaction, the insider owned 122,113 shares of the company’s stock, valued at $2,955,134.60. The trade was a 45.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 255,000 shares of company stock worth $6,119,000. Company insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $19.57 on Friday. The stock’s 50-day moving average is $24.30 and its two-hundred day moving average is $27.79. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. Baldwin Insurance Group, Inc. has a 1 year low of $18.63 and a 1 year high of $47.15. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -45.51, a PEG ratio of 0.71 and a beta of 1.33.

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.