Emerald Mutual Fund Advisers Trust Lowers Stock Position in Baldwin Insurance Group, Inc. $BWIN

Emerald Mutual Fund Advisers Trust cut its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 89.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 52,120 shares of the company’s stock after selling 420,231 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Baldwin Insurance Group were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWIN. MTM Investment Management LLC bought a new position in shares of Baldwin Insurance Group in the 2nd quarter worth $30,000. Elevation Point Wealth Partners LLC purchased a new position in Baldwin Insurance Group in the second quarter worth $58,000. Strs Ohio bought a new position in Baldwin Insurance Group in the first quarter valued at $72,000. First Horizon Advisors Inc. increased its stake in Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after acquiring an additional 419 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Baldwin Insurance Group by 3,664.0% during the second quarter. IFP Advisors Inc now owns 2,823 shares of the company’s stock valued at $128,000 after purchasing an additional 2,748 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 subject of a number of research reports. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. JPMorgan Chase & Co. reduced their price target on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $28.00 price target on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.83.

Insider Activity

In related news, insider James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock in a transaction on Friday, December 12th. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00. Following the transaction, the insider directly owned 122,113 shares of the company’s stock, valued at $2,955,134.60. The trade was a 45.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 255,000 shares of company stock valued at $6,119,000 in the last quarter. 18.51% of the stock is currently owned by company insiders.

Baldwin Insurance Group Trading Down 4.6%

NASDAQ BWIN opened at $25.13 on Friday. The firm has a market cap of $2.98 billion, a PE ratio of -58.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.38. Baldwin Insurance Group, Inc. has a 1-year low of $21.26 and a 1-year high of $47.15. The stock has a 50-day moving average of $25.45 and a 200-day moving average of $29.24. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The business had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 EPS 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.