525,807 Baldwin Insurance Group, Inc. $BWIN Shares Sold by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management cut its Baldwin Insurance Group stake by 66.1%, selling 525,807 shares during the third quarter and retaining 269,627 shares valued at approximately $8.6 million.
• Baldwin shares traded at $31.85, near their 52-week high, while the company’s latest quarterly results modestly beat estimates and revenue increased 30.1% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $30.89; institutional investors and hedge funds collectively own 77.49% of the stock.

Fenimore Asset Management Inc trimmed its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 66.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,627 shares of the company's stock after selling 525,807 shares during the quarter. Fenimore Asset Management Inc owned 0.19% of Baldwin Insurance Group worth $8,571,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in Baldwin Insurance Group in the second quarter valued at approximately $81,796,000. Bank of America Corp DE increased its holdings in shares of Baldwin Insurance Group by 51.9% during the first quarter. Bank of America Corp DE now owns 848,407 shares of the company's stock worth $18,614,000 after buying an additional 289,879 shares in the last quarter. Madison Asset Management LLC bought a new position in shares of Baldwin Insurance Group in the 2nd quarter valued at $2,750,000. Sei Investments Co. lifted its stake in shares of Baldwin Insurance Group by 32.4% in the 1st quarter. Sei Investments Co. now owns 456,174 shares of the company's stock valued at $10,008,000 after acquiring an additional 111,640 shares during the last quarter. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Baldwin Insurance Group during the 2nd quarter valued at $1,767,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Baldwin Insurance Group Stock Up 0.1%

Shares of NASDAQ BWIN traded up $0.04 during trading on Thursday, hitting $31.85. 1,528,875 shares of the company traded hands, compared to its average volume of 1,957,062. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of -30.62, a P/E/G ratio of 1.03 and a beta of 1.00. The business's fifty day moving average is $30.74 and its 200 day moving average is $25.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.07 and a current ratio of 1.07. Baldwin Insurance Group, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $32.71.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. Baldwin Insurance Group had a negative net margin of 4.67% and a positive return on equity of 12.67%. The business had revenue of $492.94 million during the quarter, compared to analyst estimates of $492.33 million. During the same quarter in the previous year, the business posted $0.42 EPS. Baldwin Insurance Group's quarterly revenue was up 30.1% on a year-over-year basis. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. Equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BWIN. Keefe, Bruyette & Woods upped their price target on shares of Baldwin Insurance Group from $26.00 to $31.00 and gave the company an "outperform" rating in a research report on Wednesday, July 8th. Morgan Stanley set a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday, June 22nd. Wells Fargo & Company increased their price objective on Baldwin Insurance Group from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. BMO Capital Markets raised their target price on Baldwin Insurance Group from $26.00 to $32.50 and gave the stock a "market perform" rating in a research report on Tuesday, September 15th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Baldwin Insurance Group in a report on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Baldwin Insurance Group presently has a consensus rating of "Hold" and an average target price of $30.89.

About Baldwin Insurance Group

The Baldwin Insurance Group, Inc is an insurance distribution and advisory company that helps individuals, businesses and organizations identify, manage and insure against risk. The company operates through a network of insurance agencies and specialty businesses, providing access to property and casualty insurance, employee benefits, personal insurance and related risk-management solutions.

Its services include commercial insurance brokerage, personal lines coverage, employee benefits consulting, claims support and other advisory services.

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