Quadrant Private Wealth Management LLC Makes New $551,000 Investment in Baldwin Insurance Group, Inc. $BWIN

Quadrant Private Wealth Management LLC bought a new stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,870 shares of the company’s stock, valued at approximately $551,000.

Several other large investors have also modified their holdings of BWIN. American Century Companies Inc. boosted its holdings in Baldwin Insurance Group by 561.6% in the 1st quarter. American Century Companies Inc. now owns 451,360 shares of the company’s stock valued at $20,171,000 after purchasing an additional 383,137 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Baldwin Insurance Group in the 1st quarter valued at approximately $1,860,000. Teacher Retirement System of Texas purchased a new stake in shares of Baldwin Insurance Group in the first quarter valued at approximately $441,000. Zions Bancorporation National Association UT acquired a new position in Baldwin Insurance Group during the first quarter worth $2,514,000. Finally, Invesco Ltd. grew its holdings in Baldwin Insurance Group by 794.2% during the first quarter. Invesco Ltd. now owns 556,775 shares of the company’s stock worth $24,882,000 after acquiring an additional 494,508 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $26.87 on Friday. Baldwin Insurance Group, Inc. has a 12-month low of $21.26 and a 12-month high of $50.46. The stock has a market cap of $3.19 billion, a P/E ratio of -62.49, a PEG ratio of 1.31 and a beta of 1.40. The company has a current ratio of 1.15, a quick ratio of 1.23 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average of $27.60 and a two-hundred day moving average of $34.68.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.Baldwin Insurance Group’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. As a group, research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their target price on Baldwin Insurance Group from $28.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday. BMO Capital Markets reiterated a “market perform” rating and issued a $33.00 price objective (down previously from $38.00) on shares of Baldwin Insurance Group in a research note on Monday, October 13th. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 target price (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.00.

Baldwin Insurance Group 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.