Select Equity Group L.P. Boosts Holdings in Baldwin Insurance Group, Inc. $BWIN

Select Equity Group L.P. boosted its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 377.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,226 shares of the company's stock after acquiring an additional 127,485 shares during the quarter. Select Equity Group L.P. owned about 0.14% of Baldwin Insurance Group worth $7,205,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in Baldwin Insurance Group during the fourth quarter worth approximately $75,000. State of Wyoming purchased a new position in shares of Baldwin Insurance Group during the fourth quarter valued at approximately $82,000. KBC Group NV boosted its position in shares of Baldwin Insurance Group by 12.1% during the first quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after buying an additional 396 shares during the period. XTX Topco Ltd purchased a new position in shares of Baldwin Insurance Group during the first quarter valued at approximately $201,000. Finally, Core Wealth Advisors Inc. purchased a new position in shares of Baldwin Insurance Group during the first quarter valued at approximately $202,000. 77.49% of the stock is owned by institutional investors.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded up $0.04 during mid-day trading on Friday, hitting $31.09. The stock had a trading volume of 707,252 shares, compared to its average volume of 718,897. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50 day moving average of $35.46 and a two-hundred day moving average of $38.99. Baldwin Insurance Group, Inc. has a twelve month low of $28.66 and a twelve month high of $55.82. The firm has a market cap of $3.69 billion, a PE ratio of -107.21, a PEG ratio of 1.39 and a beta of 1.43.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The firm had revenue of $378.81 million for the quarter, compared to the consensus estimate of $375.38 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm's revenue was up 11.5% on a year-over-year basis. Research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other news, CFO Bradford Hale bought 10,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 144,659 shares in the company, valued at approximately $4,154,606.48. The trade was a 7.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 18.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Baldwin Insurance Group 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.