Austin Wealth Management LLC Purchases New Shares in Baldwin Insurance Group, Inc. $BWIN

Austin Wealth Management LLC acquired a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,786 shares of the company’s stock, valued at approximately $812,000.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Baldwin Insurance Group by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock valued at $1,795,000 after buying an additional 2,309 shares during the last quarter. Millennium Management LLC increased its position in Baldwin Insurance Group by 371.9% in the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock valued at $11,384,000 after acquiring an additional 200,754 shares during the period. NewEdge Advisors LLC raised its stake in Baldwin Insurance Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after acquiring an additional 700 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after acquiring an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Baldwin Insurance Group by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after acquiring an additional 11,768 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Baldwin Insurance Group Stock Performance

BWIN opened at $19.57 on Friday. Baldwin Insurance Group, Inc. has a 1-year low of $18.63 and a 1-year high of $47.15. The stock has a market cap of $2.32 billion, a P/E ratio of -45.51, a P/E/G ratio of 0.71 and a beta of 1.33. The stock’s 50 day simple moving average is $24.30 and its 200 day simple moving average is $27.79. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15.

Insider Activity

In related news, insider James Morgan Roche sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 122,113 shares in the company, valued at $2,955,134.60. The trade was a 45.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 255,000 shares of company stock worth $6,119,000. Insiders own 18.51% of the company’s stock.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. Wells Fargo & Company lifted their price objective on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Jefferies Financial Group reissued a “hold” rating and issued a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $33.83.

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.