Key Points
- Director Paul Eugene Sparks bought a total of 44,200 shares (29,000 on Mar 2 at $22.96 and 15,200 on Mar 3 at $22.10) for about $1.00 million, raising his direct stake to 981,506 shares (a 3.04% increase).
- For the quarter Baldwin reported $0.31 EPS vs. $0.29 expected and 5.3% year-over-year revenue growth, though revenue of $347.3M slightly missed the $351.8M estimate; the stock trades near $22 with a negative P/E and $2.62B market cap.
- Institutional investors own roughly 77.49% of the stock with several large funds adding to positions, while analysts hold a consensus "Hold" rating and an average price target of $31.17.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) Director Paul Eugene Sparks purchased 15,200 shares of Baldwin Insurance Group stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $22.10 per share, for a total transaction of $335,920.00. Following the transaction, the director directly owned 996,706 shares in the company, valued at $22,027,202.60. This represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Paul Eugene Sparks also recently made the following trade(s):
- On Monday, March 2nd, Paul Eugene Sparks acquired 29,000 shares of Baldwin Insurance Group stock. The shares were bought at an average cost of $22.96 per share, with a total value of $665,840.00.
Baldwin Insurance Group Stock Up 2.9%
Shares of BWIN stock traded up $0.63 during trading hours on Thursday, reaching $22.68. 289,885 shares of the stock were exchanged, compared to its average volume of 1,538,033. The business's fifty day moving average is $22.15 and its two-hundred day moving average is $25.62. The firm has a market capitalization of $2.69 billion, a P/E ratio of -46.28, a P/E/G ratio of 0.80 and a beta of 1.30. Baldwin Insurance Group, Inc. has a 12-month low of $15.88 and a 12-month high of $47.15. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.16 and a quick ratio of 1.16.
Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The company had revenue of $347.28 million during the quarter, compared to analysts' expectations of $351.75 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm's revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Raymond James Financial raised Baldwin Insurance Group from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. UBS Group decreased their target price on Baldwin Insurance Group from $52.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, November 10th. Wall Street Zen upgraded shares of Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Wells Fargo & Company reduced their price objective on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an "equal weight" rating for the company in a research report on Friday, February 27th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $28.00 target price on shares of Baldwin Insurance Group in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Baldwin Insurance Group has a consensus rating of "Hold" and a consensus target price of $31.17.
Read Our Latest Analysis on Baldwin Insurance Group
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of BWIN. New York State Common Retirement Fund boosted its holdings in shares of Baldwin Insurance Group by 422.6% in the second quarter. New York State Common Retirement Fund now owns 257,384 shares of the company's stock valued at $11,019,000 after acquiring an additional 208,137 shares in the last quarter. Fenimore Asset Management Inc lifted its position in Baldwin Insurance Group by 44.3% in the third quarter. Fenimore Asset Management Inc now owns 507,057 shares of the company's stock valued at $14,304,000 after purchasing an additional 155,654 shares during the period. Westwood Holdings Group Inc. boosted its holdings in Baldwin Insurance Group by 8.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company's stock valued at $82,218,000 after purchasing an additional 142,506 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Baldwin Insurance Group by 84.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 201,557 shares of the company's stock worth $8,629,000 after purchasing an additional 91,991 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Baldwin Insurance Group by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company's stock worth $37,077,000 after purchasing an additional 29,137 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.
Baldwin Insurance Group Company Profile
(
Get Free Report)
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.
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