Baldwin Insurance Group, Inc. $BWIN Shares Sold by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC reduced its stake in Baldwin Insurance Group by 2.9%, selling 159,720 shares, and now holds 5,402,750 shares valued at approximately $231 million.
• Several large investors, including Otter Creek Advisors and Aubrey Capital Management, significantly increased their holdings during the second quarter, indicating strong institutional interest in Baldwin Insurance Group.
• Wall Street analysts have varying opinions on the stock, with a consensus rating of "Hold" and an average price target of $37.67, signaling mixed expectations for its future performance.

William Blair Investment Management LLC trimmed its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,402,750 shares of the company's stock after selling 159,720 shares during the quarter. William Blair Investment Management LLC owned about 4.56% of Baldwin Insurance Group worth $231,292,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Otter Creek Advisors LLC boosted its holdings in shares of Baldwin Insurance Group by 138.9% in the second quarter. Otter Creek Advisors LLC now owns 106,231 shares of the company's stock valued at $4,548,000 after acquiring an additional 61,758 shares during the period. Aubrey Capital Management Ltd boosted its holdings in shares of Baldwin Insurance Group by 96.0% in the second quarter. Aubrey Capital Management Ltd now owns 82,300 shares of the company's stock valued at $3,523,000 after acquiring an additional 40,300 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Baldwin Insurance Group by 8.1% in the second quarter. Verdence Capital Advisors LLC now owns 7,921 shares of the company's stock valued at $339,000 after acquiring an additional 595 shares during the period. Cyndeo Wealth Partners LLC acquired a new stake in shares of Baldwin Insurance Group in the second quarter valued at approximately $214,000. Finally, IFP Advisors Inc boosted its holdings in shares of Baldwin Insurance Group by 3,664.0% in the second quarter. IFP Advisors Inc now owns 2,823 shares of the company's stock valued at $128,000 after acquiring an additional 2,748 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BWIN shares. BMO Capital Markets reissued a "market perform" rating and issued a $33.00 price objective (down from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th. Wells Fargo & Company decreased their price objective on Baldwin Insurance Group from $31.00 to $28.00 and set an "underweight" rating for the company in a report on Wednesday, October 8th. Raymond James Financial reissued an "outperform" rating and issued a $40.00 price objective (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. cut their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $37.67.

Baldwin Insurance Group Price Performance

Baldwin Insurance Group stock opened at $23.13 on Friday. Baldwin Insurance Group, Inc. has a 12 month low of $23.05 and a 12 month high of $55.70. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day simple moving average of $30.37 and a 200-day simple moving average of $36.70. The stock has a market capitalization of $2.74 billion, a PE ratio of -79.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.39.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business 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 company's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, CFO Bradford Hale acquired 10,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was purchased 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 owned 144,659 shares of the company's stock, valued at $4,154,606.48. The trade was a 7.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 18.51% of the company's stock.

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.

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