Equitable Trust Co. Takes $6.21 Million Position in Baldwin Insurance Group, Inc. $BWIN

Equitable Trust Co. acquired a new stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 282,998 shares of the company’s stock, valued at approximately $6,209,000.

Several other hedge funds also recently bought and sold shares of BWIN. William Blair Investment Management LLC increased its holdings in Baldwin Insurance Group by 47.8% during the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after acquiring an additional 2,439,118 shares during the period. Bank of New York Mellon Corp boosted its holdings in Baldwin Insurance Group by 25.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company’s stock valued at $69,060,000 after purchasing an additional 579,936 shares during the period. MetLife Investment Management LLC boosted its holdings in Baldwin Insurance Group by 1,376.4% in the 4th quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock valued at $14,882,000 after purchasing an additional 577,345 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Baldwin Insurance Group during the 3rd quarter valued at $14,177,000. Finally, Capital International Investors grew its position in shares of Baldwin Insurance Group by 15.0% during the 4th quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock valued at $86,944,000 after purchasing an additional 472,703 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

BWIN has been the topic of a number of recent analyst reports. Morgan Stanley set a $28.00 price objective on Baldwin Insurance Group in a research report on Monday, June 22nd. UBS Group reduced their target price on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Wednesday, June 24th. Wells Fargo & Company upped their target price on Baldwin Insurance Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Bank of America lowered their price target on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $29.78.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN opened at $26.45 on Friday. The stock’s 50-day moving average is $21.63 and its 200 day moving average is $22.08. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of -39.48, a P/E/G ratio of 0.95 and a beta of 1.08. Baldwin Insurance Group, Inc. has a 1-year low of $15.88 and a 1-year high of $43.64. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51.

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

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.