Cyndeo Wealth Partners LLC Acquires New Position in Baldwin Insurance Group, Inc. $BWIN

Cyndeo Wealth Partners LLC acquired a new stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,998 shares of the company’s stock, valued at approximately $214,000.

Other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Baldwin Insurance Group by 62.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company’s stock valued at $144,462,000 after acquiring an additional 1,238,650 shares during the period. Champlain Investment Partners LLC grew its holdings in Baldwin Insurance Group by 32.0% during the 1st quarter. Champlain Investment Partners LLC now owns 2,647,275 shares of the company’s stock valued at $118,307,000 after purchasing an additional 642,104 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Baldwin Insurance Group by 27.1% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,076,847 shares of the company’s stock valued at $48,124,000 after purchasing an additional 229,353 shares in the last quarter. Venator Management LLC grew its holdings in Baldwin Insurance Group by 4.5% during the 1st quarter. Venator Management LLC now owns 754,845 shares of the company’s stock valued at $33,734,000 after purchasing an additional 32,275 shares in the last quarter. Finally, Boston Partners grew its holdings in Baldwin Insurance Group by 14.3% during the 1st quarter. Boston Partners now owns 600,974 shares of the company’s stock valued at $26,513,000 after purchasing an additional 75,009 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Wells Fargo & Company lowered their price target on shares of Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating for the company in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Baldwin Insurance Group presently has an average rating of “Hold” and a consensus target price of $40.50.

Insider Activity

In other Baldwin Insurance Group news, CFO Bradford Hale purchased 10,000 shares of Baldwin Insurance Group stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the transaction, the chief financial officer owned 144,659 shares in the company, valued at $4,154,606.48. This represents a 7.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Trading Down 1.1%

Baldwin Insurance Group stock opened at $28.73 on Friday. The firm’s 50-day moving average is $31.14 and its 200-day moving average is $37.31. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. Baldwin Insurance Group, Inc. has a 1 year low of $26.33 and a 1 year high of $55.82. The company has a market cap of $3.41 billion, a P/E ratio of -99.07, a PEG ratio of 1.29 and a beta of 1.39.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company had revenue of $378.81 million for the quarter, compared to the consensus estimate of $375.38 million. During the same period last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.