56,260 Shares in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Purchased by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation acquired 56,260 shares of Baldwin Insurance Group (NASDAQ:BWIN) valued at approximately $2.5 million during the first quarter, reflecting institutional interest in the company.
• Baldwin Insurance Group's latest earnings report showed an EPS of $0.42, matching analyst expectations, with revenue increasing by 11.5% year-over-year to $378.81 million.
• Analysts have mixed ratings for BWIN stock, with price targets ranging from $36.00 to $50.00, indicating varied outlooks on its performance among Wall Street analysts.

Zions Bancorporation National Association UT purchased a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,260 shares of the company's stock, valued at approximately $2,514,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen Asset Management LLC purchased a new position in Baldwin Insurance Group in the fourth quarter valued at about $10,381,000. Bamco Inc. NY purchased a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at approximately $116,668,000. KBC Group NV lifted its stake in shares of Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after buying an additional 396 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Baldwin Insurance Group by 10,061.5% during the 1st quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock valued at $813,000 after buying an additional 18,010 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Baldwin Insurance Group by 36.4% during the 1st quarter. Bessemer Group Inc. now owns 43,065 shares of the company's stock valued at $1,924,000 after buying an additional 11,485 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $32.27 on Friday. The company's fifty day moving average price is $39.42 and its 200-day moving average price is $40.50. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -111.28, a PEG ratio of 1.26 and a beta of 1.66. Baldwin Insurance Group, Inc. has a one year low of $28.66 and a one year high of $55.82. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.13.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $378.81 million for the quarter, compared to analyst estimates of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In related news, CFO Bradford Hale purchased 10,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $28.72 per share, with a total value of $287,200.00. Following the acquisition, the chief financial officer directly owned 144,659 shares of the company's stock, valued at approximately $4,154,606.48. This represents a 7.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Morgan Roche sold 26,679 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the transaction, the insider directly owned 42,113 shares in the company, valued at $1,687,467.91. The trade was a 38.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 430,345 shares of company stock worth $16,888,679 over the last quarter. 18.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research note on Thursday, July 10th. Jefferies Financial Group upped their price target on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, July 7th. BMO Capital Markets decreased their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $40.00 target price (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $44.43.

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.

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