Baldwin Insurance Group, Inc. $BWIN Shares Purchased by Comerica Bank

Key Points

• Comerica Bank increased its holdings in Baldwin Insurance Group by 33.3%, owning 79,111 shares valued at approximately $3.54 million as of the latest quarter.
• Institutional investors and hedge funds collectively own 77.49% of Baldwin Insurance Group's stock, indicating strong institutional interest.
• Analysts have issued varied ratings for Baldwin Insurance Group, with a consensus of "Hold," amid target price changes from a high of $51.00 to a low forecast of $34.00.

Comerica Bank boosted its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 33.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,111 shares of the company's stock after purchasing an additional 19,762 shares during the period. Comerica Bank owned about 0.07% of Baldwin Insurance Group worth $3,535,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Bamco Inc. NY purchased a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $116,668,000. Westwood Holdings Group Inc. purchased a new position in Baldwin Insurance Group during the fourth quarter valued at approximately $77,164,000. T. Rowe Price Investment Management Inc. boosted its position in Baldwin Insurance Group by 62.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company's stock worth $144,462,000 after purchasing an additional 1,238,650 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Baldwin Insurance Group in the 4th quarter worth approximately $43,689,000. Finally, Royal Bank of Canada acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth approximately $33,926,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded up $0.60 during trading hours on Thursday, reaching $30.81. The stock had a trading volume of 375,863 shares, compared to its average volume of 674,857. The firm has a 50-day moving average of $36.90 and a 200-day moving average of $39.43. Baldwin Insurance Group, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $55.82. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -106.30, a PEG ratio of 1.42 and a beta of 1.43. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company had revenue of $378.81 million for the quarter, compared to the consensus estimate of $375.38 million. During the same period last year, the firm posted $0.34 EPS. Baldwin Insurance Group's revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the transaction, the insider owned 42,113 shares in the company, valued at approximately $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Trevor Baldwin sold 117,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00. Following the completion of the sale, the chief executive officer owned 27,676 shares in the company, valued at approximately $1,102,335.08. This represents a 80.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 262,573 shares of company stock worth $10,346,064. Insiders own 20.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BWIN. Raymond James Financial reiterated an "outperform" rating and issued a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. BMO Capital Markets cut their price target on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 13th. Zacks Research raised shares of Baldwin Insurance Group to a "strong sell" rating in a report on Tuesday, August 12th. Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, Wells Fargo & Company upped their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus 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.