Baldwin Insurance Group, Inc. $BWIN Shares Purchased by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 3,664.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,823 shares of the company’s stock after acquiring an additional 2,748 shares during the period. IFP Advisors Inc’s holdings in Baldwin Insurance Group were worth $128,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in Baldwin Insurance Group by 62.1% in the first 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 last quarter. Champlain Investment Partners LLC lifted its holdings in Baldwin Insurance Group by 32.0% in the first quarter. Champlain Investment Partners LLC now owns 2,647,275 shares of the company’s stock valued at $118,307,000 after acquiring an additional 642,104 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Baldwin Insurance Group by 27.1% in the first quarter. Westfield Capital Management Co. LP now owns 1,076,847 shares of the company’s stock valued at $48,124,000 after acquiring an additional 229,353 shares during the last quarter. Venator Management LLC lifted its holdings in Baldwin Insurance Group by 4.5% in the first quarter. Venator Management LLC now owns 754,845 shares of the company’s stock valued at $33,734,000 after acquiring an additional 32,275 shares during the last quarter. 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 last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Baldwin Insurance Group news, CFO Bradford Hale purchased 10,000 shares of the business’s stock in a transaction on 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 completion of the purchase, the chief financial officer directly owned 144,659 shares in the company, valued at approximately $4,154,606.48. This represents a 7.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Stock Down 2.5%

Shares of NASDAQ BWIN opened at $23.13 on Friday. The stock has a market cap of $2.74 billion, a P/E ratio of -79.76, a PEG ratio of 1.13 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53. Baldwin Insurance Group, Inc. has a 12-month low of $23.05 and a 12-month high of $55.70. The business’s fifty day simple moving average is $30.37 and its 200-day simple moving average is $36.63.

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

Analysts Set New Price Targets

BWIN has been the subject of several research analyst reports. Wells Fargo & Company lowered their price target on Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating for the company in a research report on Wednesday, October 8th. Wall Street Zen downgraded Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. JPMorgan Chase & Co. cut their price objective on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Finally, Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Two investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.67.

About Baldwin Insurance Group

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.