Orion Porfolio Solutions LLC Makes New $961,000 Investment in Baldwin Insurance Group, Inc. $BWIN

Orion Porfolio Solutions LLC purchased a new stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 2nd quarter, Holdings Channel reports. The firm purchased 22,455 shares of the company’s stock, valued at approximately $961,000.

A number of other institutional investors have also recently added to or reduced their stakes in BWIN. First Horizon Advisors Inc. boosted its holdings in shares of Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after buying an additional 419 shares during the period. Teacher Retirement System of Texas lifted its position in Baldwin Insurance Group by 4.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after acquiring an additional 470 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Baldwin Insurance Group by 3.9% during the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after acquiring an additional 504 shares during the period. Cetera Trust Company N.A increased its position in shares of Baldwin Insurance Group by 10.1% during the second quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after purchasing an additional 555 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Baldwin Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after buying an additional 555 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Baldwin Insurance Group Stock Up 0.9%

Baldwin Insurance Group stock opened at $24.10 on Wednesday. The firm’s 50-day simple moving average is $25.00 and its 200 day simple moving average is $31.50. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. Baldwin Insurance Group, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $47.15. The stock has a market cap of $2.86 billion, a PE ratio of -56.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 100,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00. Following the completion of the transaction, the insider directly owned 122,113 shares in the company, valued at approximately $2,955,134.60. This represents a 45.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 255,000 shares of company stock worth $6,119,000 over the last ninety days. Corporate insiders own 20.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BWIN. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. dropped their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Wall Street Zen downgraded shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Wells Fargo & Company raised shares of Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price target for the company in a report on Friday, December 12th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Baldwin Insurance Group presently has a consensus rating of “Hold” and an average target price of $36.57.

Baldwin Insurance Group Profile

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.