JPMorgan Chase & Co. Has $42.71 Million Stake in Baldwin Insurance Group, Inc. $BWIN

JPMorgan Chase & Co. increased its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,514,115 shares of the company’s stock after buying an additional 158,199 shares during the period. JPMorgan Chase & Co. owned 1.28% of Baldwin Insurance Group worth $42,713,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BWIN. Champlain Investment Partners LLC grew its holdings in Baldwin Insurance Group by 20.3% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after acquiring an additional 659,433 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Baldwin Insurance Group in the 3rd quarter valued at $14,177,000. Tributary Capital Management LLC boosted its position in shares of Baldwin Insurance Group by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 815,452 shares of the company’s stock worth $23,004,000 after purchasing an additional 391,847 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of Baldwin Insurance Group by 99.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 598,238 shares of the company’s stock worth $16,876,000 after purchasing an additional 298,685 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Baldwin Insurance Group by 100.1% during the second quarter. Corient Private Wealth LLC now owns 540,004 shares of the company’s stock worth $23,118,000 after purchasing an additional 270,156 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $28.00 target price on shares of Baldwin Insurance Group in a research report on Monday, December 15th. Wells Fargo & Company lowered their price target on Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. TD Cowen initiated coverage on shares of Baldwin Insurance Group in a research note on Wednesday, February 25th. They set a “buy” rating on the stock. Finally, Zacks Research cut shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Baldwin Insurance Group currently has a consensus rating of “Hold” and an average price target of $30.00.

Baldwin Insurance Group Stock Performance

BWIN stock opened at $21.64 on Friday. Baldwin Insurance Group, Inc. has a 1-year low of $15.88 and a 1-year high of $47.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. The firm has a market cap of $2.57 billion, a PE ratio of -44.16, a P/E/G ratio of 0.82 and a beta of 1.30. The business’s 50-day moving average price is $21.19 and its two-hundred day moving average price is $24.65.

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

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Eugene Sparks purchased 29,000 shares of Baldwin Insurance Group stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $22.96 per share, with a total value of $665,840.00. Following the acquisition, the director directly owned 981,506 shares of the company’s stock, valued at approximately $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 18.51% of the stock is currently owned by 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.