Baldwin Insurance Group, Inc. $BWIN Shares Purchased by UBS Group AG

UBS Group AG lifted its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 686,318 shares of the company’s stock after purchasing an additional 205,997 shares during the quarter. UBS Group AG’s holdings in Baldwin Insurance Group were worth $16,492,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dorato Capital Management acquired a new stake in shares of Baldwin Insurance Group during the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Baldwin Insurance Group during the third quarter worth $39,000. AlphaQuest LLC boosted its holdings in shares of Baldwin Insurance Group by 249.2% during the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock worth $55,000 after purchasing an additional 1,393 shares during the last quarter. Strs Ohio acquired a new stake in shares of Baldwin Insurance Group during the first quarter worth $72,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Baldwin Insurance Group during the fourth quarter worth $124,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Eugene Sparks bought 29,000 shares of Baldwin Insurance Group stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average price of $22.96 per share, for a total transaction of $665,840.00. Following the acquisition, the director directly 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 SEC filing for this purchase provides additional information. Insiders sold 321,987 shares of company stock worth $6,831,404 in the last quarter. 20.14% of the stock is owned by insiders.

Analyst Ratings Changes

BWIN has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. UBS Group decreased their price objective on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Bank of America decreased their price objective 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. TD Cowen initiated coverage on Baldwin Insurance Group in a report on Wednesday, February 25th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company raised their price objective on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.25.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock opened at $20.07 on Wednesday. Baldwin Insurance Group, Inc. has a twelve month low of $15.88 and a twelve month high of $45.16. The stock has a market capitalization of $2.86 billion, a P/E ratio of -29.95, a PEG ratio of 0.78 and a beta of 1.23. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average price is $22.21 and its 200 day moving average price is $23.12.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, May 4th. The company reported $0.63 earnings per share 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 during the quarter, compared to analyst estimates of $524.07 million. During the same quarter in the previous year, the business posted $0.65 EPS. Baldwin Insurance Group’s revenue was up 28.7% compared to the same quarter last year. As a group, research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current year.

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.