Aristotle Capital Boston LLC Buys 82,195 Shares of Baldwin Insurance Group, Inc. $BWIN

Aristotle Capital Boston LLC grew its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738,160 shares of the company’s stock after acquiring an additional 82,195 shares during the period. Aristotle Capital Boston LLC’s holdings in Baldwin Insurance Group were worth $17,738,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BWIN. Larson Financial Group LLC grew its stake in Baldwin Insurance Group by 666.5% in the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after acquiring an additional 1,053 shares in the last quarter. Dorato Capital Management bought a new position in Baldwin Insurance Group in the 4th quarter worth about $35,000. Caitong International Asset Management Co. Ltd bought a new position in Baldwin Insurance Group in the 3rd quarter worth about $39,000. Strs Ohio bought a new position in Baldwin Insurance Group in the 1st quarter worth about $72,000. Finally, Flagship Harbor Advisors LLC bought a new position in Baldwin Insurance Group in the 4th quarter worth about $124,000. 77.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.51% of the stock is owned by insiders.

Baldwin Insurance Group Price Performance

Shares of BWIN opened at $17.33 on Thursday. Baldwin Insurance Group, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $45.16. The company has a 50 day moving average price of $21.08 and a 200-day moving average price of $21.96. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $2.47 billion, a PE ratio of -25.87, a PEG ratio of 0.66 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The firm had revenue of $532.24 million for the quarter, compared to analysts’ expectations of $524.07 million. During the same period in the previous year, the company earned $0.65 EPS. The company’s revenue was up 28.7% on a year-over-year basis. Equities analysts predict that Baldwin Insurance Group, Inc. will post 1.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BWIN. Bank of America lowered their price target on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company upped their price target on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. TD Cowen reaffirmed a “buy” rating on shares of Baldwin Insurance Group in a research report on Monday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Finally, Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.63.

About Baldwin Insurance Group

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.