Confluence Investment Management LLC Makes New $16.75 Million Investment in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Confluence Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 432,066 shares of the company’s stock, valued at approximately $16,747,000. Confluence Investment Management LLC owned approximately 0.37% of The Baldwin Insurance Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BWIN. Peapack Gladstone Financial Corp acquired a new position in The Baldwin Insurance Group during the third quarter worth $263,000. Lord Abbett & CO. LLC bought a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth about $29,447,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after acquiring an additional 1,175,484 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded down $0.77 during trading hours on Thursday, hitting $37.99. 156,142 shares of the company traded hands, compared to its average volume of 482,962. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group, Inc. has a twelve month low of $21.70 and a twelve month high of $55.82. The firm has a 50-day moving average of $44.62 and a 200 day moving average of $44.18. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of -59.36, a P/E/G ratio of 1.27 and a beta of 1.58.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 20.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $41.00 target price (down previously from $43.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $46.83.

About The Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.