Bessemer Group Inc. Sells 33,850 Shares of Baldwin Insurance Group, Inc. $BWIN

Bessemer Group Inc. cut its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 76.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,280 shares of the company’s stock after selling 33,850 shares during the period. Bessemer Group Inc.’s holdings in Baldwin Insurance Group were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Baldwin Insurance Group by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock valued at $1,795,000 after buying an additional 2,309 shares in the last quarter. Millennium Management LLC increased its holdings in Baldwin Insurance Group by 371.9% during 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 last quarter. NewEdge Advisors LLC raised its position in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after acquiring an additional 700 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Baldwin Insurance Group by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after acquiring an additional 13,058 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Baldwin Insurance Group by 6.6% in the first 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 acquiring an additional 11,768 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BWIN shares. Keefe, Bruyette & Woods lifted their target price on Baldwin Insurance Group from $26.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. UBS Group cut their price target on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Morgan Stanley set a $28.00 price objective on shares of Baldwin Insurance Group in a research report on Monday, June 22nd. Finally, Weiss Ratings raised shares of Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.80% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN opened at $26.47 on Monday. The business’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $22.22. Baldwin Insurance Group, Inc. has a 1 year low of $15.88 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $3.77 billion, a P/E ratio of -39.51, a P/E/G ratio of 0.95 and a beta of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The firm had revenue of $532.24 million for the quarter, compared to analyst estimates of $524.07 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 28.7% on a year-over-year basis. On average, research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current fiscal year.

Baldwin Insurance Group 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.