Baldwin Insurance Group, Inc. $BWIN Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 7.0% in the second quarter, HoldingsChannel reports. The firm owned 423,605 shares of the company’s stock after selling 31,919 shares during the quarter. Baldwin Insurance Group accounts for 1.6% of Tributary Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Tributary Capital Management LLC’s holdings in Baldwin Insurance Group were worth $18,135,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, CFO Bradford Hale acquired 10,000 shares of Baldwin Insurance Group stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $28.72 per share, with a total value of $287,200.00. Following the purchase, the chief financial officer owned 144,659 shares in the company, valued at $4,154,606.48. This trade represents a 7.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Trading Up 0.1%

Shares of NASDAQ:BWIN opened at $23.56 on Thursday. Baldwin Insurance Group, Inc. has a 1 year low of $22.15 and a 1 year high of $52.42. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -81.24, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. The business’s 50 day moving average price is $29.80 and its 200-day moving average price is $36.25.

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

Wall Street Analysts Forecast Growth

BWIN has been the subject of a number of analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Wells Fargo & Company decreased their price target on Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating for the company in a report on Wednesday, October 8th. BMO Capital Markets reissued a “market perform” rating and issued a $33.00 price target (down from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th. Wall Street Zen downgraded Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.67.

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.