Northwestern Mutual Wealth Management Co. Purchases 97,759 Shares of Baldwin Insurance Group, Inc. $BWIN

Northwestern Mutual Wealth Management Co. lifted its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 19,551.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,259 shares of the company’s stock after purchasing an additional 97,759 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Baldwin Insurance Group were worth $2,361,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BWIN. Champlain Investment Partners LLC lifted its position in shares of Baldwin Insurance Group by 20.3% during the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock valued at $110,467,000 after purchasing an additional 659,433 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Baldwin Insurance Group during the third quarter valued at about $14,177,000. Kennedy Capital Management LLC lifted its position in shares of Baldwin Insurance Group by 99.7% during the third quarter. Kennedy Capital Management LLC now owns 598,238 shares of the company’s stock valued at $16,876,000 after purchasing an additional 298,685 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Baldwin Insurance Group by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock valued at $164,651,000 after purchasing an additional 287,241 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Baldwin Insurance Group during the fourth quarter valued at about $6,723,000. 77.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Wells Fargo & Company raised their price target on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Zacks Research downgraded shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.25.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $19.01 on Wednesday. Baldwin Insurance Group, Inc. has a 52-week low of $15.88 and a 52-week high of $45.16. The company has a 50-day simple moving average of $21.92 and a 200 day simple moving average of $22.89. 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 company has a market capitalization of $2.71 billion, a PE ratio of -28.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN) last posted 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 positive return on equity of 12.35% and a negative net margin of 2.80%.The company had revenue of $532.24 million for the quarter, compared to analysts’ expectations of $524.07 million. During the same quarter last year, the business posted $0.65 EPS. The business’s quarterly revenue was up 28.7% on a year-over-year basis. On average, research analysts predict that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current year.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Paul Eugene Sparks bought 15,200 shares of Baldwin Insurance Group stock in a transaction dated Tuesday, March 3rd. The stock was purchased 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 directly owned 996,706 shares of the company’s stock, valued at approximately $22,027,202.60. This trade represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 321,987 shares of company stock valued at $6,831,404 in the last 90 days. 18.51% of the stock is currently owned by corporate insiders.

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.