Northern Trust Corp Decreases Stake in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Northern Trust Corp has decreased its stake in Baldwin Insurance Group, Inc. by 3.4%, now holding 764,707 shares valued at approximately $34.18 million.
• Insider transactions highlighted a significant sell-off, with CEO Trevor Baldwin selling 117,000 shares, a decrease of 80.87% in his position, following General Counsel Seth Bala Cohen selling 4,496 shares.
• Analyst sentiment has shifted, with Zacks Research downgrading Baldwin Insurance Group to a "strong sell" and four analysts currently rating the stock as a "buy."

Northern Trust Corp trimmed its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 764,707 shares of the company's stock after selling 26,800 shares during the period. Northern Trust Corp owned approximately 0.65% of Baldwin Insurance Group worth $34,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Continuum Advisory LLC acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth about $75,000. State of Wyoming purchased a new position in Baldwin Insurance Group during the fourth quarter worth about $82,000. Tower Research Capital LLC TRC acquired a new stake in shares of Baldwin Insurance Group during the fourth quarter valued at about $85,000. KBC Group NV raised its stake in shares of Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after acquiring an additional 396 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Baldwin Insurance Group in the 1st quarter worth approximately $201,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Stock Up 3.5%

Shares of NASDAQ:BWIN traded up $1.07 on Thursday, hitting $31.28. 732,250 shares of the company's stock were exchanged, compared to its average volume of 957,174. Baldwin Insurance Group, Inc. has a 1-year low of $28.66 and a 1-year high of $55.82. The company has a market capitalization of $3.71 billion, a PE ratio of -107.86, a P/E/G ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. The firm's 50-day moving average is $36.68 and its 200 day moving average is $39.36.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BWIN. BMO Capital Markets dropped their target price 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 Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Wells Fargo & Company increased their target price 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. 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 note on Thursday, August 7th. Finally, Wall Street Zen lowered shares of 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. According to MarketBeat, Baldwin Insurance Group has a consensus rating of "Hold" and a consensus price target of $43.67.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the transaction, the insider owned 42,113 shares of the company's stock, valued at approximately $1,687,467.91. This trade represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 50,000 shares of Baldwin Insurance Group stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $38.98, for a total value of $1,949,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 262,573 shares of company stock worth $10,346,064 over the last 90 days. 18.51% of the stock is owned by corporate 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.