Insider Buying: Baldwin Insurance Group, Inc. (NASDAQ:BWIN) CFO Purchases 10,000 Shares of 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 business's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the transaction, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Baldwin Insurance Group Price Performance

BWIN stock traded up $0.33 during mid-day trading on Thursday, reaching $30.72. The company's stock had a trading volume of 1,774,570 shares, compared to its average volume of 641,980. The stock has a market cap of $3.64 billion, a PE ratio of -105.93, a P/E/G ratio of 1.42 and a beta of 1.66. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. Baldwin Insurance Group, Inc. has a fifty-two week low of $28.66 and a fifty-two week high of $55.82. The company's 50 day moving average is $39.71 and its two-hundred day moving average is $40.64.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. The company had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.30%. Baldwin Insurance Group's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Institutional Trading of Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. King Luther Capital Management Corp increased its holdings in shares of Baldwin Insurance Group by 4.2% during the 2nd quarter. King Luther Capital Management Corp now owns 36,212 shares of the company's stock worth $1,550,000 after buying an additional 1,443 shares during the last quarter. Quadrant Private Wealth Management LLC acquired a new stake in shares of Baldwin Insurance Group during the 2nd quarter worth approximately $551,000. Cetera Trust Company N.A increased its holdings in shares of Baldwin Insurance Group by 10.1% during the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company's stock worth $258,000 after buying an additional 555 shares during the last quarter. Washington Trust Bank increased its holdings in Baldwin Insurance Group by 8.4% in the 2nd quarter. Washington Trust Bank now owns 18,839 shares of the company's stock valued at $806,000 after purchasing an additional 1,462 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Baldwin Insurance Group by 29.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company's stock valued at $79,000 after purchasing an additional 419 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BWIN. Wells Fargo & Company increased 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. 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 lowered their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Jefferies Financial Group increased their target price on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday. Two equities 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 company has a consensus rating of "Hold" and a consensus price target 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.

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