Capital International Investors Buys 472,703 Shares of Baldwin Insurance Group, Inc. $BWIN

Capital International Investors grew its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,618,132 shares of the company’s stock after acquiring an additional 472,703 shares during the period. Capital International Investors’ holdings in Baldwin Insurance Group were worth $86,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in Baldwin Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after acquiring an additional 555 shares in the last quarter. NewEdge Advisors LLC grew its stake in Baldwin Insurance Group by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after acquiring an additional 700 shares in the last quarter. Alliancebernstein L.P. grew its stake in Baldwin Insurance Group by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 82,834 shares of the company’s stock worth $2,337,000 after acquiring an additional 715 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Baldwin Insurance Group by 4.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 23,369 shares of the company’s stock worth $659,000 after acquiring an additional 914 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Baldwin Insurance Group by 8.5% in the 4th quarter. ProShare Advisors LLC now owns 13,045 shares of the company’s stock worth $313,000 after acquiring an additional 1,023 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods dropped 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 research note on Tuesday, April 7th. JPMorgan Chase & Co. dropped their target price on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Bank of America dropped their price objective on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. TD Cowen started coverage on shares of Baldwin Insurance Group in a research note on Wednesday, February 25th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.25.

Insider Activity

In other Baldwin Insurance Group 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.14% of the company’s stock.

Baldwin Insurance Group Price Performance

NASDAQ BWIN opened at $19.24 on Tuesday. 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 firm’s 50 day moving average price is $21.56 and its 200-day moving average price is $22.40. Baldwin Insurance Group, Inc. has a 52-week low of $15.88 and a 52-week high of $45.16. The company has a market cap of $2.74 billion, a PE ratio of -28.72, a P/E/G ratio of 0.76 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.63 earnings per share (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 business had revenue of $532.24 million for the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. Baldwin Insurance Group’s revenue for the quarter was up 28.7% on a year-over-year basis. Sell-side analysts forecast that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current fiscal 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.