Diversified Trust Co Decreases Position in Baldwin Insurance Group, Inc. $BWIN

Diversified Trust Co decreased its holdings in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 44.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,483 shares of the company’s stock after selling 26,319 shares during the quarter. Diversified Trust Co’s holdings in Baldwin Insurance Group were worth $735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its stake in Baldwin Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock valued at $2,650,000 after buying an additional 555 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after acquiring an additional 700 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Baldwin Insurance Group by 0.9% during the third quarter. Alliancebernstein L.P. now owns 82,834 shares of the company’s stock valued at $2,337,000 after acquiring an additional 715 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Baldwin Insurance Group by 4.1% during the third quarter. Orion Porfolio Solutions LLC now owns 23,369 shares of the company’s stock valued at $659,000 after acquiring an additional 914 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Baldwin Insurance Group by 8.5% during the fourth quarter. ProShare Advisors LLC now owns 13,045 shares of the company’s stock valued at $313,000 after acquiring an additional 1,023 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

BWIN opened at $24.87 on Thursday. Baldwin Insurance Group, Inc. has a 12-month low of $15.88 and a 12-month high of $44.69. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.55 billion, a PE ratio of -37.12, a P/E/G ratio of 0.86 and a beta of 1.16. The firm has a 50 day moving average of $21.15 and a two-hundred day moving average of $21.81.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $532.24 million for the quarter, compared to analysts’ expectations of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. On average, analysts anticipate that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Morgan Stanley set a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday. Raymond James Financial raised shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $20.00 to $30.00 in a report on Friday, February 27th. Wells Fargo & Company upped their target price on 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. Finally, Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.89.

Insiders Place Their Bets

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the 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. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Company Profile

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.