Vanguard Group Inc. Sells 44,382 Shares of 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. lessened its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 0.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,543,104 shares of the company's stock after selling 44,382 shares during the period. Vanguard Group Inc. owned about 5.56% of Baldwin Insurance Group worth $292,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BWIN. Bamco Inc. NY acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $116,668,000. Capital International Investors acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $99,040,000. Capital Research Global Investors acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $87,572,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $77,283,000. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $77,164,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Insider Buying and Selling at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 26,679 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the sale, the insider directly owned 42,113 shares in the company, valued at approximately $1,687,467.91. This trade represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lowry Baldwin sold 50,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $38.98, for a total value of $1,949,000.00. The disclosure for this sale can be found here. Insiders sold 336,711 shares of company stock valued at $13,205,267 in the last quarter. Corporate insiders own 18.51% of the company's stock.

Baldwin Insurance Group Stock Up 1.7%

Shares of NASDAQ:BWIN traded up $0.5780 during midday trading on Friday, hitting $34.6880. 47,308 shares of the stock were exchanged, compared to its average volume of 670,683. 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 52-week low of $28.66 and a 52-week high of $55.82. The business's fifty day simple moving average is $38.37 and its two-hundred day simple moving average is $40.00. The company has a market capitalization of $4.12 billion, a PE ratio of -119.55, a P/E/G ratio of 1.50 and a beta of 1.66.

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 (EPS) for the quarter, hitting the consensus estimate of $0.42. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The business had revenue of $378.81 million during the quarter, compared to analyst estimates of $375.38 million. During the same period last year, the company earned $0.34 earnings per share. Baldwin Insurance Group's quarterly revenue was up 11.5% compared to the same quarter last year. As a group, research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BWIN shares. Raymond James Financial restated an "outperform" rating and issued a $40.00 target price (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Zacks Research raised Baldwin Insurance Group to a "strong sell" rating in a research report on Tuesday, August 12th. Wells Fargo & Company raised their target price 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 decreased their target price 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 research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.67.

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.