Wealth Enhancement Advisory Services LLC Boosts Stake in Baldwin Insurance Group, Inc. $BWIN

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Baldwin Insurance Group by 50.5%, owning 164,778 shares worth approximately $6.66 million as of the latest SEC filing.
• Multiple institutional investors, including T. Rowe Price and Champlain Investment Partners, have also significantly increased their holdings in Baldwin Insurance Group, with 77.49% of the stock owned by such investors.
• Baldwin Insurance Group's stock has a prevailing average rating of "Hold" from analysts, with a recently adjusted average price target of $43.67.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 50.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,778 shares of the company's stock after buying an additional 55,326 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.14% of Baldwin Insurance Group worth $6,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. grew its position in Baldwin Insurance Group by 62.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company's stock worth $144,462,000 after buying an additional 1,238,650 shares in the last quarter. Champlain Investment Partners LLC grew its position in Baldwin Insurance Group by 32.0% during the first quarter. Champlain Investment Partners LLC now owns 2,647,275 shares of the company's stock worth $118,307,000 after buying an additional 642,104 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Baldwin Insurance Group by 27.1% during the first quarter. Westfield Capital Management Co. LP now owns 1,076,847 shares of the company's stock worth $48,124,000 after buying an additional 229,353 shares in the last quarter. Venator Management LLC grew its position in Baldwin Insurance Group by 4.5% during the first quarter. Venator Management LLC now owns 754,845 shares of the company's stock worth $33,734,000 after buying an additional 32,275 shares in the last quarter. Finally, Boston Partners lifted its stake in 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 during the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BWIN. Wells Fargo & Company lifted their price target on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a research note on Thursday, July 10th. Raymond James Financial reissued an "outperform" rating and issued a $40.00 target price (down previously from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. BMO Capital Markets lowered their target price on 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 raised Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Zacks Research raised Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $43.67.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, CFO Bradford Hale acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $28.72 per share, with a total value of $287,200.00. Following the transaction, the chief financial officer owned 144,659 shares of the company's stock, valued at $4,154,606.48. The trade was a 7.43% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 20.14% of the company's stock.

Baldwin Insurance Group Stock Down 2.8%

BWIN stock opened at $29.83 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -102.86, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The business's 50 day moving average price is $34.10 and its two-hundred day moving average price is $38.54. 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 posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $378.81 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. As a group, analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

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.

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