Key Points
- Major shareholder Elizabeth Krystyn sold 119,987 shares at an average price of $21.25, totaling $2,549,723.75, as disclosed in an SEC filing.
- The stock traded down about 5.4% and opened at $21.03; Baldwin Insurance Group has a market cap of roughly $2.5 billion and a 52-week range of $15.88–$47.15.
- In the most recent quarter the company reported $0.31 EPS (beating $0.29 estimates) but revenue of $347.3M missed expectations and net margin was negative (-2.25%); analysts’ consensus rating is “Hold” with a $31.17 target.
Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) major shareholder Elizabeth Krystyn sold 119,987 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $21.25, for a total value of $2,549,723.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Baldwin Insurance Group Trading Down 5.4%
NASDAQ:BWIN opened at $21.03 on Friday. The firm has a market capitalization of $2.50 billion, a P/E ratio of -42.92, a P/E/G ratio of 0.80 and a beta of 1.30. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $47.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54. The company has a fifty day moving average of $22.00 and a 200 day moving average of $25.51.
Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The firm had revenue of $347.28 million for the quarter, compared to analysts' expectations of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. On average, research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.
Institutional Investors Weigh In On Baldwin Insurance Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings 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 worth $79,000 after purchasing an additional 419 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Baldwin Insurance Group by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company's stock worth $443,000 after acquiring an additional 470 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Baldwin Insurance Group by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company's stock worth $579,000 after acquiring an additional 504 shares in the last quarter. Cetera Trust Company N.A lifted its position in Baldwin Insurance Group by 10.1% during the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company's stock valued at $258,000 after acquiring an additional 555 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Baldwin Insurance Group by 0.9% during the second 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. 77.49% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on BWIN. Zacks Research lowered Baldwin Insurance Group from a "hold" rating to a "strong sell" rating in a research report on Friday, February 6th. UBS Group cut their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, November 10th. TD Cowen initiated coverage on shares of Baldwin Insurance Group in a report on Wednesday, February 25th. They issued a "buy" rating for the company. 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. Finally, Wall Street Zen upgraded shares of Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Baldwin Insurance Group has an average rating of "Hold" and a consensus target price of $31.17.
View Our Latest Research Report on Baldwin Insurance Group
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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