Baldwin Insurance Group (NASDAQ:BWIN) Director Paul Eugene Sparks Purchases 29,000 Shares

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Paul Eugene Sparks bought 29,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $22.96 per share, with a total value of $665,840.00. Following the transaction, the director owned 981,506 shares of the company’s stock, valued at $22,535,377.76. The trade was a 3.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Paul Eugene Sparks also recently made the following trade(s):

• On Tuesday, March 3rd, Paul Eugene Sparks purchased 15,200 shares of Baldwin Insurance Group stock. The stock was bought at an average price of $22.10 per share, for a total transaction of $335,920.00.

Baldwin Insurance Group Price Performance

Shares of BWIN traded down $0.24 during midday trading on Wednesday, hitting $22.05. 1,163,585 shares of the company traded hands, compared to its average volume of 1,570,419. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -45.00, a PEG ratio of 0.83 and a beta of 1.30. The firm has a 50 day moving average of $22.15 and a 200-day moving average of $25.62. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $47.15.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $347.28 million for the quarter, compared to the consensus estimate of $351.75 million. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. On average, analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BWIN. Wells Fargo & Company decreased their price target on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group restated a “hold” rating and issued a $28.00 target price on shares of Baldwin Insurance Group in a report on Monday, December 15th. UBS Group lowered their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 10th. Zacks Research lowered Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Baldwin Insurance Group has an average rating of “Hold” and a consensus target price of $31.17.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. New York State Common Retirement Fund grew its stake in Baldwin Insurance Group by 422.6% in the second quarter. New York State Common Retirement Fund now owns 257,384 shares of the company’s stock worth $11,019,000 after purchasing an additional 208,137 shares in the last quarter. Fenimore Asset Management Inc lifted its stake in Baldwin Insurance Group by 44.3% in the third quarter. Fenimore Asset Management Inc now owns 507,057 shares of the company’s stock worth $14,304,000 after acquiring an additional 155,654 shares during the period. Envestnet Asset Management Inc. grew its holdings in Baldwin Insurance Group by 84.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 201,557 shares of the company’s stock worth $8,629,000 after acquiring an additional 91,991 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Baldwin Insurance Group by 8.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after purchasing an additional 142,506 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Baldwin Insurance Group by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company’s stock worth $37,077,000 after purchasing an additional 29,137 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Company 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.