Aubrey Capital Management Ltd Acquires 40,300 Shares of Baldwin Insurance Group, Inc. $BWIN

Key Points

• Aubrey Capital Management Ltd increased its stake in Baldwin Insurance Group by 96.0% during the 2nd quarter, acquiring an additional 40,300 shares, bringing its total holdings to 82,300 shares.
• Several institutional investors, including T. Rowe Price and Invesco Ltd., have also significantly increased their stakes in Baldwin Insurance Group, indicating strong interest from major investors.
• Despite growth in revenues, Baldwin Insurance Group's stock has decreased by 9.8% recently, with a consensus price target of $37.67 from analysts, reflecting mixed ratings on the stock.

Aubrey Capital Management Ltd grew its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 96.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,300 shares of the company's stock after purchasing an additional 40,300 shares during the period. Baldwin Insurance Group makes up about 1.3% of Aubrey Capital Management Ltd's portfolio, making the stock its 26th biggest position. Aubrey Capital Management Ltd owned about 0.07% of Baldwin Insurance Group worth $3,523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BWIN. T. Rowe Price Investment Management Inc. increased its stake in shares of Baldwin Insurance Group by 62.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company's stock valued at $144,462,000 after purchasing an additional 1,238,650 shares during the last quarter. Champlain Investment Partners LLC increased its stake in shares of Baldwin Insurance Group by 32.0% in the 1st quarter. Champlain Investment Partners LLC now owns 2,647,275 shares of the company's stock valued at $118,307,000 after purchasing an additional 642,104 shares during the last quarter. Invesco Ltd. increased its stake in shares of Baldwin Insurance Group by 794.2% in the 1st quarter. Invesco Ltd. now owns 556,775 shares of the company's stock valued at $24,882,000 after purchasing an additional 494,508 shares during the last quarter. American Century Companies Inc. increased its stake in shares of 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 during the last quarter. Finally, Nuveen LLC bought a new stake in Baldwin Insurance Group during the 1st quarter worth $12,032,000. Institutional investors own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BWIN shares. Zacks Research upgraded Baldwin Insurance Group from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Wells Fargo & Company reduced their price objective on Baldwin Insurance Group from $31.00 to $28.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 8th. BMO Capital Markets restated a "market perform" rating and set a $33.00 price objective (down previously from $38.00) on shares of Baldwin Insurance Group in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. Two equities research 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 data from MarketBeat.com, Baldwin Insurance Group currently has a consensus rating of "Hold" and a consensus price target of $37.67.

Insider Buying and Selling

In related news, CFO Bradford Hale bought 10,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $28.72 per share, with a total value of $287,200.00. Following the acquisition, the chief financial officer owned 144,659 shares of the company's stock, valued at $4,154,606.48. This 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 at this hyperlink. Insiders own 18.51% of the company's stock.

Baldwin Insurance Group Stock Down 9.8%

Shares of BWIN opened at $23.73 on Friday. The company has a market capitalization of $2.82 billion, a PE ratio of -81.83, a PEG ratio of 1.28 and a beta of 1.39. Baldwin Insurance Group, Inc. has a 12 month low of $23.69 and a 12 month high of $55.82. The stock's 50-day moving average price is $30.56 and its two-hundred day moving average price is $36.84. 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 (NASDAQ:BWIN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $378.81 million for the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. On average, analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

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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