Venator Management LLC Has $33.73 Million Position in Baldwin Insurance Group, Inc. $BWIN

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 holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 754,845 shares of the company's stock after acquiring an additional 32,275 shares during the quarter. Baldwin Insurance Group accounts for 10.1% of Venator Management LLC's portfolio, making the stock its 4th largest holding. Venator Management LLC owned approximately 0.64% of Baldwin Insurance Group worth $33,734,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BWIN. Bamco Inc. NY bought a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $116,668,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $77,283,000. Westwood Holdings Group Inc. bought a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $77,164,000. Dimensional Fund Advisors LP bought a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $43,689,000. Finally, Royal Bank of Canada bought a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $33,926,000. 77.49% of the stock is owned by institutional investors.

Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN traded down $0.59 during midday trading on Tuesday, reaching $32.74. 197,450 shares of the company traded hands, compared to its average volume of 671,347. The firm has a market cap of $3.89 billion, a PE ratio of -112.90, a PEG ratio of 1.50 and a beta of 1.66. The stock's 50-day simple moving average is $38.15 and its 200-day simple moving average is $39.87. 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 quick ratio of 1.23 and a current 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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. The company had revenue of $378.81 million during 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 business's revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. As a group, equities 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 other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of Baldwin Insurance Group 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 of the company's stock, valued at approximately $1,687,467.91. This trade represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 4,496 shares of Baldwin Insurance Group stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $39.58, for a total value of $177,951.68. Following the completion of the transaction, the general counsel directly owned 13,240 shares of the company's stock, valued at $524,039.20. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 336,711 shares of company stock valued at $13,205,267. Insiders own 20.14% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BWIN shares. Wells Fargo & Company increased 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. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. BMO Capital Markets reduced their target price 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. Zacks Research raised Baldwin Insurance Group to a "strong sell" rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $40.00 target price (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $43.67.

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.