T. Rowe Price Investment Management Inc. Buys 1,238,650 Shares of Baldwin Insurance Group, Inc. $BWIN

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Baldwin Insurance Group by 62.1% in the first quarter, now holding a total of 3,232,521 shares valued at approximately $144.5 million.
• Several institutional investors made significant changes to their positions in Baldwin Insurance Group, including American Century Companies Inc., which boosted its holdings by 561.6%, now owning 451,360 shares.
• Analysts have varying views on Baldwin Insurance Group, with Raymond James reiterating an "outperform" rating while Zacks Research upgraded it to a "strong sell", reflecting a broad range of outlooks on the company’s stock potential.

T. Rowe Price Investment Management Inc. lifted its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 62.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,232,521 shares of the company's stock after purchasing an additional 1,238,650 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 2.75% of Baldwin Insurance Group worth $144,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new stake in Baldwin Insurance Group in the 4th quarter worth approximately $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 position in Baldwin Insurance Group in the 4th quarter valued at $75,000. State of Wyoming acquired a new position in shares of Baldwin Insurance Group in the 4th quarter valued at $82,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at about $85,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Stock Performance

BWIN traded down $0.38 during trading on Wednesday, reaching $32.44. 97,572 shares of the company's stock were exchanged, compared to its average volume of 670,961. The stock has a market capitalization of $3.85 billion, a P/E ratio of -112.10, a price-to-earnings-growth ratio of 1.49 and a beta of 1.66. Baldwin Insurance Group, Inc. has a 1 year low of $28.66 and a 1 year high of $55.82. The company's fifty day simple moving average is $38.05 and its 200-day simple moving average is $39.82. 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 announced its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $378.81 million for 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 firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BWIN has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, July 7th. BMO Capital Markets reduced their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Raymond James Financial reissued an "outperform" rating and set a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Finally, Zacks Research upgraded shares of Baldwin Insurance Group to a "strong sell" rating in a research report on Tuesday, August 12th. Four investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $43.67.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 50,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $38.98, for a total value of $1,949,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the stock in a transaction 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 transaction, the general counsel owned 13,240 shares of the company's stock, valued at $524,039.20. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,211 shares of company stock worth $10,810,267. Insiders own 20.14% of the company's stock.

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.