Baldwin Insurance Group, Inc. $BWIN Shares Acquired by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management boosted its stake in Baldwin Insurance Group by 14.9% in Q4 to 582,850 shares (≈$14.0M), and institutional investors now own 77.49% of the company with several large funds (Capital World, JPMorgan, Aristotle) also increasing positions.
• Analyst coverage is mixed: the consensus rating is "Hold" with an average target of $30.13, though Raymond James upgraded to Strong Buy (target $30) and TD Cowen initiated coverage with a Buy.
• BWIN reported Q4 EPS of $0.31 (vs. $0.29 estimate) and 5.3% revenue growth, but the company shows a negative net margin (-2.25%) and a negative P/E (-44.96); market cap is $3.15 billion and the 52‑week range is $15.88–$45.16.

Fenimore Asset Management Inc lifted its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 582,850 shares of the company's stock after purchasing an additional 75,793 shares during the quarter. Fenimore Asset Management Inc owned 0.49% of Baldwin Insurance Group worth $14,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors increased its position in shares of Baldwin Insurance Group by 24.8% in the 3rd quarter. Capital World Investors now owns 1,259,949 shares of the company's stock valued at $35,543,000 after purchasing an additional 250,000 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Baldwin Insurance Group by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company's stock valued at $42,713,000 after purchasing an additional 158,199 shares during the last quarter. Aristotle Capital Boston LLC increased its position in shares of Baldwin Insurance Group by 53.6% in the 3rd quarter. Aristotle Capital Boston LLC now owns 655,965 shares of the company's stock valued at $18,505,000 after purchasing an additional 228,940 shares during the last quarter. Austin Wealth Management LLC purchased a new stake in shares of Baldwin Insurance Group in the 3rd quarter valued at approximately $812,000. Finally, Laird Norton Wetherby Trust Company LLC increased its position in shares of Baldwin Insurance Group by 218.3% in the 3rd quarter. Laird Norton Wetherby Trust Company LLC now owns 97,972 shares of the company's stock valued at $2,764,000 after purchasing an additional 67,192 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BWIN. TD Cowen began coverage on shares of Baldwin Insurance Group in a research report on Wednesday, February 25th. They issued a "buy" rating on the stock. Raymond James Financial raised shares of Baldwin Insurance Group from an "outperform" rating to a "strong-buy" rating and increased their target price for the company from $20.00 to $30.00 in a research report on Friday, February 27th. Wells Fargo & Company increased their target price on shares of Baldwin Insurance Group from $21.00 to $23.00 and gave the company an "equal weight" rating in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $30.13.

Baldwin Insurance Group Price Performance

Shares of BWIN opened at $22.03 on Friday. Baldwin Insurance Group, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $45.16. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -44.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.23. The firm has a 50-day simple moving average of $21.91 and a 200-day simple moving average of $23.28. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The business had revenue of $347.28 million during the quarter, compared to the consensus estimate of $351.75 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current year.

Insider Activity

In other news, Director Paul Eugene Sparks bought 15,200 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $22.10 per share, with a total value of $335,920.00. Following the completion of the acquisition, the director directly owned 996,706 shares in the company, valued at approximately $22,027,202.60. The trade was a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. Additional details regarding this sale are available in the official SEC disclosure. 18.51% of the stock is owned by insiders.

Baldwin Insurance Group Company Profile

Baldwin Insurance Group, Inc NASDAQ: BWIN is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers' compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.