Baldwin Insurance Group, Inc. $BWIN Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly decreased its holdings in Baldwin Insurance Group, Inc., selling 44,144 shares and reducing ownership by 95% to just 2,319 shares.
• Baldwin Insurance Group posted a positive return on equity of 13.24% and reported $0.42 earnings per share, meeting analysts' expectations for the recent quarter.
• Insider trading activity included CEO Trevor Baldwin selling 117,000 shares, representing a 80.87% decrease in his position, while CFO Bradford Hale purchased 10,000 shares.

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 95.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,319 shares of the company's stock after selling 44,144 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Baldwin Insurance Group were worth $104,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BWIN. KBC Group NV raised its holdings in Baldwin Insurance Group by 12.1% during the 1st 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. US Bancorp DE grew its position in shares of Baldwin Insurance Group by 6.5% during the 1st quarter. US Bancorp DE now owns 7,337 shares of the company's stock worth $328,000 after buying an additional 450 shares in the last quarter. Toth Financial Advisory Corp grew its position in shares of Baldwin Insurance Group by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company's stock worth $775,000 after buying an additional 550 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Baldwin Insurance Group by 5.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company's stock worth $582,000 after buying an additional 700 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Baldwin Insurance Group by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 109,566 shares of the company's stock valued at $4,897,000 after purchasing an additional 742 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

BWIN stock traded up $0.06 during trading on Friday, hitting $31.67. 676,866 shares of the company traded hands, compared to its average volume of 1,088,475. The stock's 50-day simple moving average is $37.59 and its 200 day simple moving average is $39.64. 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 $3.76 billion, a PE ratio of -109.21, a P/E/G ratio of 1.42 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company 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%.Baldwin Insurance Group's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. On average, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 4,496 shares of Baldwin Insurance Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total transaction of $177,951.68. Following the completion of the transaction, the general counsel directly owned 13,240 shares in the company, valued at approximately $524,039.20. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 274,211 shares of company stock valued at $10,810,267 in the last 90 days. 18.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on BWIN shares. Raymond James Financial reiterated an "outperform" rating and issued a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. 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. Zacks Research upgraded Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Wells Fargo & Company raised their price objective on 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 cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $43.67.

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.