Quantbot Technologies LP Has $596,000 Holdings in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Quantbot Technologies LP significantly reduced its holdings in Baldwin Insurance Group by 64.1%, leaving them with 13,340 shares valued at approximately $596,000.
• Several hedge funds, including TD Waterhouse Canada Inc. and Johnson Financial Group Inc., established new positions in Baldwin Insurance Group during the fourth quarter, indicating growing institutional interest.
• Research analysts have mixed ratings for Baldwin Insurance Group, with target prices varying from $34.00 to $51.00, reflecting differing views on the company's performance and potential.

Quantbot Technologies LP cut its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 64.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,340 shares of the company's stock after selling 23,771 shares during the quarter. Quantbot Technologies LP's holdings in Baldwin Insurance Group were worth $596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BWIN. TD Waterhouse Canada Inc. bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at about $36,000. Johnson Financial Group Inc. bought a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $63,000. Continuum Advisory LLC bought a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $75,000. State of Wyoming bought a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $82,000. Finally, Tower Research Capital LLC TRC bought a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $85,000. 77.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BWIN shares. Raymond James Financial reissued an "outperform" rating and set a $40.00 target price (down from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. 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. BMO Capital Markets lowered their target price on 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. Finally, Zacks Research raised Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $43.67.

Baldwin Insurance Group Stock Up 0.2%

Shares of BWIN traded up $0.06 during mid-day trading on Friday, hitting $31.67. 676,866 shares of the company's stock were exchanged, compared to its average volume of 1,084,888. The company has a market cap of $3.76 billion, a PE ratio of -109.21, a P/E/G ratio of 1.42 and a beta of 1.43. Baldwin Insurance Group, Inc. has a 52 week low of $28.66 and a 52 week high of $55.82. The company has a 50-day simple moving average of $37.59 and a 200 day simple moving average of $39.62. 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 (NASDAQ:BWIN - Get Free Report) last issued its quarterly 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 company had revenue of $378.81 million during the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. On average, research analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider James Morgan Roche sold 26,679 shares of the stock in a transaction that occurred 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 sale, the insider owned 42,113 shares of the company's stock, valued at approximately $1,687,467.91. This represents a 38.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the stock in a transaction that occurred on 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. The trade was a 25.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,211 shares of company stock worth $10,810,267 in the last quarter. 20.14% of the stock is owned by company insiders.

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.