Nuveen LLC Purchases Shares of 269,224 Baldwin Insurance Group, Inc. $BWIN

Key Points

• Nuveen LLC acquired a new stake in Baldwin Insurance Group, purchasing approximately 269,224 shares valued at around $12 million, which represents about 0.23% of the company.
• Insider transactions revealed significant sales, with CEO Trevor Baldwin selling 117,000 shares and General Counsel Seth Bala Cohen selling 4,496 shares, indicating a decrease in their ownership stakes.
• The company recently reported earnings that met analysts' expectations, with an EPS of $0.42 and revenues rising 11.5% year-over-year to $378.81 million.

Nuveen LLC acquired a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 269,224 shares of the company's stock, valued at approximately $12,032,000. Nuveen LLC owned about 0.23% of Baldwin Insurance Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC acquired a new position in Baldwin Insurance Group during the fourth quarter worth $10,381,000. Bamco Inc. NY purchased a new stake in shares of Baldwin Insurance Group during the fourth quarter worth about $116,668,000. KBC Group NV raised its position in shares of Baldwin Insurance Group by 12.1% in the first 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 last quarter. GAMMA Investing LLC lifted its stake in shares of Baldwin Insurance Group by 10,061.5% during the first quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock valued at $813,000 after buying an additional 18,010 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Baldwin Insurance Group during the first quarter worth approximately $441,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their price target 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. BMO Capital Markets lowered their price target on 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 research note on Tuesday, August 12th. Raymond James Financial reissued an "outperform" rating and issued a $40.00 target price (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $43.67.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, CEO Trevor Baldwin sold 117,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the transaction, the chief executive officer directly owned 27,676 shares of the company's stock, valued at $1,102,335.08. This trade represents a 80.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $39.58, for a total value of $177,951.68. Following the completion of the sale, the general counsel directly owned 13,240 shares of the company's stock, valued at approximately $524,039.20. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,211 shares of company stock valued at $10,810,267 over the last ninety days. 18.51% of the stock is currently owned by corporate insiders.

Baldwin Insurance Group Stock Down 2.2%

Baldwin Insurance Group stock traded down $0.73 during midday trading on Wednesday, hitting $32.09. 549,265 shares of the company were exchanged, compared to its average volume of 1,079,650. The company has a market cap of $3.81 billion, a PE ratio of -110.66, a price-to-earnings-growth ratio of 1.47 and a beta of 1.66. The company's fifty day moving average price is $37.91 and its 200-day moving average price is $39.77. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. Baldwin Insurance Group, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $55.82.

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

Baldwin Insurance Group 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.