William Blair Investment Management LLC Acquires 2,439,118 Shares of Baldwin Insurance Group, Inc. $BWIN

William Blair Investment Management LLC increased its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 47.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,543,813 shares of the company’s stock after acquiring an additional 2,439,118 shares during the quarter. William Blair Investment Management LLC owned about 0.06% of Baldwin Insurance Group worth $181,278,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fenimore Asset Management Inc increased its position in Baldwin Insurance Group by 14.9% during the fourth quarter. Fenimore Asset Management Inc now owns 582,850 shares of the company’s stock worth $14,006,000 after acquiring an additional 75,793 shares during the period. UBS Group AG increased its holdings in Baldwin Insurance Group by 42.9% in the 4th quarter. UBS Group AG now owns 686,318 shares of the company’s stock valued at $16,492,000 after buying an additional 205,997 shares during the period. Capital World Investors increased its holdings in Baldwin Insurance Group by 24.8% in the 3rd quarter. Capital World Investors now owns 1,259,949 shares of the company’s stock valued at $35,543,000 after buying an additional 250,000 shares during the period. JPMorgan Chase & Co. increased its holdings in Baldwin Insurance Group by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company’s stock valued at $42,713,000 after buying an additional 158,199 shares during the period. Finally, Aristotle Capital Boston LLC increased its holdings in Baldwin Insurance Group by 53.6% in the 3rd quarter. Aristotle Capital Boston LLC now owns 655,965 shares of the company’s stock valued at $18,505,000 after buying an additional 228,940 shares during the period. 77.49% of the stock is owned by institutional investors.

Baldwin Insurance Group Trading Down 3.5%

BWIN opened at $19.66 on Friday. The company’s 50 day moving average is $21.99 and its 200-day moving average is $22.95. Baldwin Insurance Group, Inc. has a 1-year low of $15.88 and a 1-year high of $45.16. 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 company has a market cap of $2.80 billion, a P/E ratio of -29.34, a PEG ratio of 0.76 and a beta of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly 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 company 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 earnings per share. The company’s revenue for the quarter was up 28.7% on a year-over-year basis. Equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul Eugene Sparks purchased 15,200 shares of Baldwin Insurance Group stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the completion of the purchase, the director owned 996,706 shares in the company, valued at $22,027,202.60. This represents a 1.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 321,987 shares of company stock worth $6,831,404. 18.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BWIN has been the topic of several recent analyst reports. TD Cowen initiated coverage on shares of Baldwin Insurance Group in a report on Wednesday, February 25th. They issued a “buy” rating on the stock. Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Zacks Research lowered shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Bank of America decreased their target price on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.25.

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.