Baldwin Insurance Group, Inc. $BWIN Shares Bought by Boston Partners

Key Points

• Boston Partners increased its stake in Baldwin Insurance Group by 14.3%, owning a total of 600,974 shares valued at approximately $26.5 million.
• Baldwin Insurance Group's stock is currently down 2.9%, with a market cap of $3.93 billion and a price-to-earnings ratio of -114.45.
• Insider sales include CEO Trevor Baldwin selling 117,000 shares, reflecting an 80.87% decrease in his holdings, while overall insider ownership remains at 18.51% of the stock.

Boston Partners raised its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 14.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 600,974 shares of the company's stock after buying an additional 75,009 shares during the quarter. Boston Partners owned about 0.51% of Baldwin Insurance Group worth $26,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $36,000. Johnson Financial Group Inc. purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $63,000. Continuum Advisory LLC purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $75,000. State of Wyoming purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $82,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth about $85,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

BWIN stock traded up $0.29 during trading on Wednesday, hitting $33.61. 488,622 shares of the company traded hands, compared to its average volume of 1,071,096. The stock's 50-day simple moving average is $38.48 and its 200 day simple moving average is $40.05. 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 company has a market cap of $3.99 billion, a PE ratio of -115.90, a P/E/G ratio of 1.49 and a beta of 1.66. Baldwin Insurance Group, Inc. has a 1 year low of $28.66 and a 1 year high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 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 company had revenue of $378.81 million for the quarter, compared to analyst estimates of $375.38 million. During the same period last year, the company earned $0.34 earnings per share. Baldwin Insurance Group's quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Baldwin Insurance Group news, CFO Bradford Hale acquired 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $28.72 per share, with a total value of $287,200.00. Following the completion of the acquisition, the chief financial officer owned 144,659 shares in the company, valued at approximately $4,154,606.48. This trade represents a 7.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the sale, the insider directly owned 42,113 shares in the company, valued at approximately $1,687,467.91. The trade was a 38.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 336,711 shares of company stock valued at $13,205,267 in the last 90 days. Corporate insiders own 18.51% of the company's stock.

Analyst Ratings Changes

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