Vanguard Group Inc. Trims Position in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Vanguard Group Inc. reduced its stake in Baldwin Insurance Group to approximately $292.41 million, holding about 5.56% of the company after selling 44,382 shares in the first quarter.
• During the same quarter, several other large investors, including Nuveen Asset Management and Bamco Inc., also increased their holdings in Baldwin Insurance Group, reflecting growing interest in the stock.
• The company's latest earnings report showed a 13.24% return on equity and 11.5% revenue growth year-over-year, although it faced a negative net margin of 1.22%.

Vanguard Group Inc. decreased its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,543,104 shares of the company's stock after selling 44,382 shares during the quarter. Vanguard Group Inc. owned 5.56% of Baldwin Insurance Group worth $292,411,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Bamco Inc. NY acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth $116,668,000. Capital International Investors acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth $99,040,000. Capital Research Global Investors acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth $87,572,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth $77,283,000. Finally, Westwood Holdings Group Inc. acquired a new position in shares of Baldwin Insurance Group in the fourth quarter worth $77,164,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Baldwin Insurance Group Stock Down 1.6%

Shares of BWIN stock traded down $0.54 on Friday, reaching $33.57. 693,316 shares of the stock were exchanged, compared to its average volume of 1,092,664. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53. Baldwin Insurance Group, Inc. has a twelve month low of $28.66 and a twelve month high of $55.82. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of -115.76, a PEG ratio of 1.53 and a beta of 1.66. The business's 50 day moving average price is $38.26 and its 200 day moving average price is $39.95.

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 (EPS) for the quarter, meeting the consensus estimate of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Baldwin Insurance Group's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total value of $2,395,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $39.58, for a total transaction 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 represents a 25.35% 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 over the last ninety days. Company insiders own 18.51% of the company's stock.

Wall Street Analyst Weigh In

BWIN has been the subject of several research reports. Raymond James Financial restated an "outperform" rating and issued a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Zacks Research upgraded shares of Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. BMO Capital Markets lowered their target price on shares of 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. Wall Street Zen downgraded shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Finally, Wells Fargo & Company boosted their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $43.67.

Baldwin Insurance Group Company 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.