Toth Financial Advisory Corp Has $116,000 Stock Holdings in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Toth Financial Advisory Corp has significantly reduced its holdings in Baldwin Insurance Group by 84.3%, selling off 14,620 shares in the second quarter, leaving them with 2,715 shares valued at $116,000.
• Baldwin Insurance Group's CFO, Bradford Hale, purchased 10,000 shares at an average price of $28.72, increasing his stake to 144,659 shares, valued at over $4 million.
• Several analysts have updated their ratings for Baldwin Insurance Group, with Zacks Research downgrading it to a "strong sell" while Raymond James maintained an "outperform" rating with a revised price target of $40.00.

Toth Financial Advisory Corp lowered its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 84.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,715 shares of the company's stock after selling 14,620 shares during the quarter. Toth Financial Advisory Corp's holdings in Baldwin Insurance Group were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BWIN. Strs Ohio bought a new position in Baldwin Insurance Group in the 1st quarter worth $72,000. State of Wyoming bought a new position in Baldwin Insurance Group in the 4th quarter worth $82,000. KBC Group NV raised its holdings in Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after acquiring an additional 396 shares during the period. XTX Topco Ltd bought a new position in Baldwin Insurance Group in the 1st quarter worth $201,000. Finally, Core Wealth Advisors Inc. bought a new position in Baldwin Insurance Group in the 1st quarter worth $202,000. Institutional investors own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a report on Thursday, July 10th. Raymond James Financial restated an "outperform" rating and issued a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. BMO Capital Markets decreased their price target on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Finally, Zacks Research raised shares of Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $43.67.

Baldwin Insurance Group Stock Up 0.4%

Shares of BWIN traded up $0.12 during midday trading on Monday, hitting $30.68. The stock had a trading volume of 506,231 shares, compared to its average volume of 764,435. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of -105.79, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The company has a 50 day simple moving average of $34.32 and a two-hundred day simple moving average of $38.61. 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 twelve month low of $28.66 and a twelve month high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, meeting 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 positive return on equity of 13.24% and a negative net margin of 1.22%.Baldwin Insurance Group's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. On average, analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other news, CFO Bradford Hale purchased 10,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the purchase, the chief financial officer directly owned 144,659 shares in the company, valued at $4,154,606.48. The trade was a 7.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.14% of the stock is currently owned by corporate insiders.

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.