Confluence Investment Management LLC Has $13.93 Million Stock Holdings in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Confluence Investment Management increased its stake in Baldwin Insurance Group by 42.7% in Q4 to 579,503 shares valued at $13.93 million, and institutional investors now own about 77.49% of the company.
• Insider activity was mixed: major shareholder Elizabeth Krystyn sold 119,987 shares for roughly $2.55 million, while director Paul Eugene Sparks bought 29,000 shares and now holds 981,506 shares; insiders collectively own 18.51%.
• Baldwin reported Q4 EPS of $0.31 (beat by $0.02) but missed revenue estimates, has a negative net margin and negative P/E, a market cap of $2.51 billion, and carries an average analyst rating of Hold with a $30 consensus price target.

Confluence Investment Management LLC boosted its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 42.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,503 shares of the company's stock after buying an additional 173,390 shares during the period. Confluence Investment Management LLC owned approximately 0.49% of Baldwin Insurance Group worth $13,925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWIN. Champlain Investment Partners LLC grew its stake in Baldwin Insurance Group by 20.3% in the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company's stock valued at $110,467,000 after acquiring an additional 659,433 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Baldwin Insurance Group during the third quarter worth approximately $14,177,000. Tributary Capital Management LLC lifted its holdings in shares of Baldwin Insurance Group by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 815,452 shares of the company's stock worth $23,004,000 after purchasing an additional 391,847 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Baldwin Insurance Group by 99.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 598,238 shares of the company's stock worth $16,876,000 after purchasing an additional 298,685 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in Baldwin Insurance Group by 100.1% in the 2nd quarter. Corient Private Wealth LLC now owns 540,004 shares of the company's stock valued at $23,118,000 after purchasing an additional 270,156 shares during the period. Institutional investors own 77.49% of the company's stock.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 119,987 shares of the business's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $21.25, for a total value of $2,549,723.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul Eugene Sparks bought 29,000 shares of the company's stock in a transaction on Monday, March 2nd. The stock was bought at an average price of $22.96 per share, for a total transaction of $665,840.00. Following the completion of the purchase, the director owned 981,506 shares of the company's stock, valued at approximately $22,535,377.76. The trade was a 3.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 18.51% of the stock is currently owned by insiders.

Baldwin Insurance Group Stock Performance

BWIN stock opened at $21.12 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54. The firm has a market cap of $2.51 billion, a PE ratio of -43.10, a P/E/G ratio of 0.80 and a beta of 1.30. The business has a 50 day moving average of $21.27 and a 200-day moving average of $24.76. Baldwin Insurance Group, Inc. has a 12-month low of $15.88 and a 12-month high of $47.15.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $347.28 million for the quarter, compared to analysts' expectations of $351.75 million. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. As a group, sell-side analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BWIN. Wall Street Zen raised shares of Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Zacks Research lowered shares of Baldwin Insurance Group from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 7th. Raymond James Financial upgraded Baldwin Insurance Group from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $20.00 to $30.00 in a research note on Friday, February 27th. Finally, BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a "market perform" rating for the company in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $30.00.

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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