Baldwin Insurance Group, Inc. $BWIN is Venator Management LLC's 4th Largest Position

Key Points

• Venator Management LLC increased its stake in Baldwin Insurance Group, owning 754,845 shares, which constitutes 10.1% of its investment portfolio, making it the 4th largest position for the firm.
• Several hedge funds have recently made significant new investments in Baldwin Insurance Group, contributing to institutional investors owning 77.49% of the company's stock.
• Analysts have mixed ratings on BWIN, with a consensus rating of "Hold" and a price target of $43.67, reflecting differing outlooks among brokerages.

Venator Management LLC grew its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 754,845 shares of the company's stock after buying an additional 32,275 shares during the period. Baldwin Insurance Group accounts for 10.1% of Venator Management LLC's investment portfolio, making the stock its 4th biggest position. Venator Management LLC owned approximately 0.64% of Baldwin Insurance Group worth $33,734,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BWIN. Wells Fargo & Company MN purchased a new position in Baldwin Insurance Group during the fourth quarter worth $2,937,000. Envestnet Asset Management Inc. purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at $4,218,000. Invesco Ltd. purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at $2,413,000. Legal & General Group Plc purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at $2,794,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at $1,806,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BWIN. Zacks Research raised Baldwin Insurance Group to a "strong sell" rating in a research report on Tuesday, August 12th. Raymond James Financial reaffirmed an "outperform" rating and issued a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. BMO Capital Markets lowered their price objective on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, Wells Fargo & Company lifted their price objective on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Baldwin Insurance Group currently has a consensus rating of "Hold" and a consensus price target of $43.67.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 4,496 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total transaction of $177,951.68. Following the transaction, the general counsel owned 13,240 shares in the company, valued at $524,039.20. The trade was a 25.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Morgan Roche sold 26,679 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53. Following the transaction, the insider owned 42,113 shares in the company, valued at approximately $1,687,467.91. This represents a 38.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 336,711 shares of company stock valued at $13,205,267 over the last 90 days. Corporate insiders own 18.51% of the company's stock.

Baldwin Insurance Group Trading Up 0.9%

Shares of BWIN opened at $33.61 on Thursday. The stock's 50-day moving average is $38.48 and its two-hundred day moving average is $40.05. The stock has a market cap of $3.99 billion, a PE ratio of -115.90, a P/E/G ratio of 1.49 and a beta of 1.66. Baldwin Insurance Group, Inc. has a 12 month low of $28.66 and a 12 month 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 1.23.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. The company 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 firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Baldwin Insurance Group Company 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.

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