Select Equity Group L.P. Purchases 127,485 Shares of Baldwin Insurance Group, Inc. $BWIN

Select Equity Group L.P. increased its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 377.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,226 shares of the company's stock after buying an additional 127,485 shares during the quarter. Select Equity Group L.P. owned 0.14% of Baldwin Insurance Group worth $7,205,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new position in Baldwin Insurance Group during the fourth quarter valued at approximately $75,000. State of Wyoming purchased a new position in Baldwin Insurance Group during the fourth quarter valued at approximately $82,000. KBC Group NV lifted its holdings in 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 purchasing an additional 396 shares in the last quarter. XTX Topco Ltd purchased a new position in Baldwin Insurance Group during the first quarter valued at approximately $201,000. Finally, Core Wealth Advisors Inc. purchased a new position in Baldwin Insurance Group during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Price Performance

Baldwin Insurance Group stock traded up $0.26 during mid-day trading on Friday, reaching $31.31. 419,202 shares of the company's stock traded hands, compared to its average volume of 679,670. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -108.00, a PEG ratio of 1.36 and a beta of 1.43. The stock has a 50 day moving average of $35.65 and a two-hundred day moving average of $39.06. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. Baldwin Insurance Group, Inc. has a 12-month low of $28.66 and a 12-month high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. Baldwin Insurance Group's revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Bradford Hale acquired 10,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the transaction, the chief financial officer directly owned 144,659 shares of the company's stock, valued at approximately $4,154,606.48. The trade was a 7.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.