SG Americas Securities LLC Takes $6.72 Million Position in Baldwin Insurance Group, Inc. $BWIN

Key Points

• SG Americas Securities LLC opened a new stake in Baldwin Insurance Group, buying 279,770 shares valued at about $6.72 million, representing roughly 0.24% of the company.
• Notable insider and institutional activity: major shareholder Elizabeth Krystyn sold 119,987 shares for about $2.55 million$22.96, raising his holdings to 981,506 shares; institutional investors and hedge funds own 77.49% of the stock and insiders own 20.14%.
• Mixed analyst and financial picture: consensus rating is a “Hold” with a $30 target amid divergent analyst views, and the company recently reported EPS of $0.31 (beat) but revenue of $347.3M (slightly below estimates), with a market cap of about $3.13B and a negative P/E of -44.77.

SG Americas Securities LLC bought a new stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 279,770 shares of the company's stock, valued at approximately $6,723,000. SG Americas Securities LLC owned approximately 0.24% of Baldwin Insurance Group as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BWIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Baldwin Insurance Group by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company's stock valued at $1,795,000 after acquiring an additional 2,309 shares during the last quarter. Millennium Management LLC grew its stake in shares of Baldwin Insurance Group by 371.9% in the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company's stock worth $11,384,000 after purchasing an additional 200,754 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Baldwin Insurance Group by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock worth $495,000 after purchasing an additional 700 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Baldwin Insurance Group by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company's stock worth $16,964,000 after purchasing an additional 13,058 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Baldwin Insurance Group by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company's stock valued at $8,475,000 after purchasing an additional 11,768 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction 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 business's stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost 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 in the company, valued at approximately $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 20.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Baldwin Insurance Group from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $20.00 to $30.00 in a report on Friday, February 27th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. TD Cowen started coverage on Baldwin Insurance Group in a research report on Wednesday, February 25th. They set a "buy" rating for the company. JPMorgan Chase & Co. reduced their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, January 7th. Finally, Zacks Research cut Baldwin Insurance Group from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Baldwin Insurance Group currently has a consensus rating of "Hold" and a consensus target price of $30.00.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $21.94 on Wednesday. Baldwin Insurance Group, Inc. has a one year low of $15.88 and a one year high of $46.13. The company has a 50-day moving average of $20.56 and a two-hundred day moving average of $24.13. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -44.77, a PEG ratio of 0.83 and a beta of 1.30. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.16 and a quick ratio of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $347.28 million for the quarter, compared to analyst estimates of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

About Baldwin Insurance Group

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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