Bradford Hale Purchases 10,000 Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

Key Points

• Baldwin Insurance Group, Inc. CFO Bradford Hale purchased 10,000 shares of the company's stock on August 7th, totaling $287,200, which increased their ownership stake by 7.43%.
• The company's recent quarterly earnings showed an EPS of $0.42, meeting analysts' expectations, with revenues rising by 11.5% year-over-year.
• Institutional investors own approximately 77.49% of Baldwin Insurance Group, with significant changes in holdings reported during the second quarter of the year.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) CFO Bradford Hale purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the purchase, the chief financial officer directly owned 144,659 shares in the company, valued at $4,154,606.48. This trade represents a 7.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Baldwin Insurance Group Trading Up 0.8%

Shares of BWIN stock traded up $0.27 during trading hours on Monday, reaching $32.54. 77,022 shares of the stock traded hands, compared to its average volume of 646,021. Baldwin Insurance Group, Inc. has a 1-year low of $28.66 and a 1-year high of $55.82. The business has a fifty day moving average price of $39.42 and a 200 day moving average price of $40.49. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $3.86 billion, a PE ratio of -112.57, a PEG ratio of 1.33 and a beta of 1.66.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results 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 business had revenue of $378.81 million for the quarter, compared to analyst estimates of $375.38 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm's revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BWIN shares. Raymond James Financial reaffirmed an "outperform" rating and set a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday. Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. BMO Capital Markets reduced their price target 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. Finally, Wells Fargo & Company upped their price target 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $44.43.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BWIN. LPL Financial LLC acquired a new position in Baldwin Insurance Group in the 4th quarter valued at approximately $2,730,000. Prudential Financial Inc. acquired a new position in Baldwin Insurance Group in the 4th quarter valued at approximately $178,000. Pictet Asset Management Holding SA acquired a new position in Baldwin Insurance Group in the 4th quarter valued at approximately $332,000. Alliancebernstein L.P. acquired a new position in Baldwin Insurance Group in the 4th quarter valued at approximately $3,186,000. Finally, Geode Capital Management LLC acquired a new position in Baldwin Insurance Group in the 4th quarter valued at approximately $60,586,000. Institutional investors and hedge funds own 77.49% of the company's stock.

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.