Baldwin Insurance Group, Inc. $BWIN Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. significantly increased its stake in Baldwin Insurance Group, Inc. by 794.2% during the 1st quarter, holding $24.88 million worth of shares.
• Insider trading activity revealed CEO Trevor Baldwin sold 117,000 shares valued over $4.6 million, leading to an 80.87% decrease in his ownership position.
• Baldwin Insurance Group reported earnings per share of $0.42 for the last quarter, meeting analysts' expectations, while its revenue increased by 11.5% year-over-year.

Invesco Ltd. raised its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 794.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 556,775 shares of the company's stock after acquiring an additional 494,508 shares during the period. Invesco Ltd. owned approximately 0.47% of Baldwin Insurance Group worth $24,882,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bamco Inc. NY acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth $116,668,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth $77,283,000. Westwood Holdings Group Inc. acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth $77,164,000. Dimensional Fund Advisors LP acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth $43,689,000. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Baldwin Insurance Group by 27.1% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,076,847 shares of the company's stock worth $48,124,000 after acquiring an additional 229,353 shares during the period. Institutional investors and hedge funds own 77.49% of the company's stock.

Baldwin Insurance Group Price Performance

BWIN traded down $0.51 during midday trading on Tuesday, reaching $32.82. 684,679 shares of the company's stock were exchanged, compared to its average volume of 1,109,838. 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 stock has a market capitalization of $3.89 billion, a PE ratio of -113.17, a P/E/G ratio of 1.49 and a beta of 1.66. The business's 50-day moving average price is $38.05 and its 200 day moving average price is $39.82. 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 posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. The business had revenue of $378.81 million during the quarter, compared to analyst estimates of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, equities analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research note on Thursday, July 10th. Wall Street Zen cut shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. BMO Capital Markets reduced their price objective on shares of 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. 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 note on Thursday, August 7th. Finally, Zacks Research upgraded shares of Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $43.67.

Insiders Place Their Bets

In other news, insider James Morgan Roche sold 26,679 shares of the business'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 transaction, the insider owned 42,113 shares of the company's stock, valued at $1,687,467.91. The trade was a 38.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lowry Baldwin sold 62,500 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total transaction of $2,395,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 336,711 shares of company stock valued at $13,205,267. 20.14% of the stock is currently owned by insiders.

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.