T. Rowe Price Investment Management Inc. Boosts Stock Position in 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. grew its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 62.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,232,521 shares of the company's stock after buying an additional 1,238,650 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.75% of Baldwin Insurance Group worth $144,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. EntryPoint Capital LLC purchased a new stake in shares of Baldwin Insurance Group in the first quarter valued at approximately $214,000. American Century Companies Inc. increased its position in shares of Baldwin Insurance Group by 561.6% in the first quarter. American Century Companies Inc. now owns 451,360 shares of the company's stock valued at $20,171,000 after buying an additional 383,137 shares in the last quarter. Aberdeen Group plc increased its position in shares of Baldwin Insurance Group by 0.6% in the first quarter. Aberdeen Group plc now owns 240,540 shares of the company's stock valued at $10,750,000 after buying an additional 1,540 shares in the last quarter. Boston Partners increased its position in shares of Baldwin Insurance Group by 14.3% during the first quarter. Boston Partners now owns 600,974 shares of the company's stock worth $26,513,000 after purchasing an additional 75,009 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Baldwin Insurance Group during the first quarter worth approximately $1,860,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Baldwin Insurance Group

In related news, CFO Bradford Hale acquired 10,000 shares of the stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $28.72 per share, with a total value of $287,200.00. Following the completion of the purchase, the chief financial officer owned 144,659 shares of the company's stock, valued at approximately $4,154,606.48. This represents a 7.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Morgan Roche sold 26,679 shares of the business's stock in a transaction 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 transaction, the insider directly owned 42,113 shares in the company, valued at $1,687,467.91. This trade represents a 38.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 336,711 shares of company stock valued at $13,205,267 in the last three months. Company insiders own 18.51% of the company's stock.

Analysts Set New Price Targets

BWIN has been the subject of several research reports. 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 report on Thursday, August 7th. Zacks Research upgraded Baldwin Insurance Group to a "strong sell" rating in a research report on Tuesday, August 12th. Wells Fargo & Company boosted their price target on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Finally, BMO Capital Markets dropped their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Baldwin Insurance Group has an average rating of "Hold" and a consensus target price of $43.67.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $34.11 on Friday. The stock's fifty day moving average is $38.37 and its two-hundred day moving average is $40.00. The firm has a market capitalization of $4.05 billion, a P/E ratio of -117.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.66. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current 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 released its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. The company 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 firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current 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.

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