Baldwin Insurance Group, Inc. $BWIN Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its Baldwin Insurance Group stake by 51.9% in the first quarter, adding 289,879 shares to hold 848,407 shares worth approximately $18.6 million. Institutional investors collectively own 77.49% of BWIN.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $30.33; JPMorgan recently raised its target to $30 and assigned an overweight rating.
• Baldwin reported quarterly EPS of $0.48, narrowly exceeding estimates, while revenue rose 30.1% year over year to $492.94 million. Shares opened at $31.15, up 3.1%, with a 52-week range of $15.88 to $34.79.

Bank of America Corp DE boosted its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 51.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 848,407 shares of the company's stock after buying an additional 289,879 shares during the period. Bank of America Corp DE owned approximately 0.60% of Baldwin Insurance Group worth $18,614,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in shares of Baldwin Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company's stock worth $2,650,000 after acquiring an additional 555 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock worth $495,000 after purchasing an additional 700 shares in the last quarter. HB Wealth Management LLC boosted its position in Baldwin Insurance Group by 1.0% in the 1st quarter. HB Wealth Management LLC now owns 74,451 shares of the company's stock valued at $1,633,000 after buying an additional 703 shares during the period. Alliancebernstein L.P. boosted its holdings in Baldwin Insurance Group by 0.9% in the third quarter. Alliancebernstein L.P. now owns 82,834 shares of the company's stock valued at $2,337,000 after purchasing an additional 715 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Baldwin Insurance Group by 238.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company's stock valued at $28,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BWIN shares. Zacks Research upgraded shares of Baldwin Insurance Group from a "strong sell" rating to a "hold" rating in a report on Friday, June 12th. Weiss Ratings upgraded shares of Baldwin Insurance Group from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, July 8th. TD Cowen reissued a "buy" rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. BMO Capital Markets raised their price target on Baldwin Insurance Group from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Baldwin Insurance Group from $28.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Baldwin Insurance Group has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Baldwin Insurance Group Trading Up 3.1%

Shares of BWIN stock opened at $31.15 on Thursday. The company has a market capitalization of $4.35 billion, a P/E ratio of -29.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.08. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.73. The business's 50 day moving average is $26.36 and its two-hundred day moving average is $22.71. Baldwin Insurance Group, Inc. has a twelve month low of $15.88 and a twelve month high of $34.79.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Baldwin Insurance Group had a positive return on equity of 12.67% and a negative net margin of 4.67%.The business had revenue of $492.94 million during the quarter, compared to analysts' expectations of $492.33 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company's quarterly revenue was up 30.1% compared to the same quarter last year. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. Equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current year.

Baldwin Insurance Group 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.

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