American Century Companies Inc. Lowers Stake in Baldwin Insurance Group, Inc. $BWIN

American Century Companies Inc. cut its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 64.8% in the second quarter, HoldingsChannel.com reports. The firm owned 158,763 shares of the company’s stock after selling 292,597 shares during the quarter. American Century Companies Inc.’s holdings in Baldwin Insurance Group were worth $6,797,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its holdings in Baldwin Insurance Group by 62.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company’s stock worth $144,462,000 after buying an additional 1,238,650 shares during the period. Fiera Capital Corp bought a new stake in Baldwin Insurance Group during the second quarter valued at about $33,346,000. Champlain Investment Partners LLC lifted its position in shares of Baldwin Insurance Group by 32.0% in the first quarter. Champlain Investment Partners LLC now owns 2,647,275 shares of the company’s stock valued at $118,307,000 after acquiring an additional 642,104 shares in the last quarter. Invesco Ltd. lifted its holdings in Baldwin Insurance Group by 794.2% in the 1st quarter. Invesco Ltd. now owns 556,775 shares of the company’s stock worth $24,882,000 after purchasing an additional 494,508 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Baldwin Insurance Group during the 1st quarter valued at approximately $12,032,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Wells Fargo & Company increased their price target on Baldwin Insurance Group from $24.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday. UBS Group cut their price target on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 10th. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets dropped their price objective on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Baldwin Insurance Group has a consensus rating of “Hold” and a consensus target price of $38.57.

Baldwin Insurance Group Price Performance

BWIN stock opened at $25.05 on Friday. 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, Inc. has a 12 month low of $21.26 and a 12 month high of $47.75. The stock has a market cap of $2.97 billion, a PE ratio of -58.25, a P/E/G ratio of 1.17 and a beta of 1.35. The company has a 50-day moving average price of $26.17 and a 200 day moving average price of $32.82.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $365.39 million during the quarter, compared to the consensus estimate of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. Equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Baldwin Insurance Group Profile

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.