Westfield Capital Management Co. LP Has $48.12 Million Stock Position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Key Points

• Westfield Capital Management Co. LP increased its stake in Baldwin Insurance Group by 27.1%, acquiring an additional 229,353 shares, bringing its total ownership to 1,076,847 shares worth approximately $48 million.
• Multiple analysts have varied ratings on Baldwin Insurance Group, with Wall Street Zen downgrading the stock to "sell," while JPMorgan Chase & Co. upgraded its price objective from $39 to $45.
• Insider trading activity includes significant sales, with insider James Morgan Roche selling 26,679 shares for over $1 million, resulting in a 38.78% decrease in his position.

Westfield Capital Management Co. LP lifted its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,076,847 shares of the company's stock after acquiring an additional 229,353 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.92% of Baldwin Insurance Group worth $48,124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BWIN. Nuveen Asset Management LLC acquired a new stake in Baldwin Insurance Group in the 4th quarter valued at about $10,381,000. Bamco Inc. NY acquired a new position in Baldwin Insurance Group during the fourth quarter worth approximately $116,668,000. KBC Group NV raised its stake in Baldwin Insurance Group by 12.1% in the first quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after buying an additional 396 shares during the period. GAMMA Investing LLC lifted its position in shares of Baldwin Insurance Group by 10,061.5% in the first quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock valued at $813,000 after buying an additional 18,010 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Baldwin Insurance Group by 36.4% during the 1st quarter. Bessemer Group Inc. now owns 43,065 shares of the company's stock worth $1,924,000 after acquiring an additional 11,485 shares during the period. Institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock traded up $0.33 on Thursday, hitting $30.72. The company's stock had a trading volume of 1,774,570 shares, compared to its average volume of 713,760. Baldwin Insurance Group, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $55.82. The company has a market capitalization of $3.64 billion, a PE ratio of 26.42, a PEG ratio of 1.18 and a beta of 1.66. The stock's 50 day moving average is $39.55 and its 200-day moving average is $40.57. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.13 and a current ratio of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The firm had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 26,679 shares of the firm'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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bradford Hale purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $28.72 per share, with a total value of $287,200.00. Following the purchase, the chief financial officer owned 144,659 shares of the company's stock, valued at $4,154,606.48. This represents a 7.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 430,345 shares of company stock valued at $16,888,679 over the last ninety days. 18.51% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BWIN. Wall Street Zen lowered Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Monday, July 7th. BMO Capital Markets decreased their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Raymond James Financial reissued an "outperform" rating and issued a $40.00 price objective (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday. Wells Fargo & Company raised 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. Finally, Jefferies Financial Group upped their price target on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $44.43.

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.