Rockefeller Capital Management L.P. Sells 414,083 Shares of Baldwin Insurance Group, Inc. $BWIN

Rockefeller Capital Management L.P. lowered its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 77.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,622 shares of the company’s stock after selling 414,083 shares during the quarter. Rockefeller Capital Management L.P. owned 0.10% of Baldwin Insurance Group worth $2,899,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Larson Financial Group LLC increased its stake in Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after purchasing an additional 1,053 shares in the last quarter. Dorato Capital Management acquired a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in Baldwin Insurance Group in the third quarter valued at approximately $39,000. Wealth Preservation Advisors LLC bought a new position in Baldwin Insurance Group in the fourth quarter valued at approximately $46,000. Finally, Strs Ohio acquired a new position in shares of Baldwin Insurance Group in the first quarter valued at approximately $72,000. Institutional investors own 77.49% of the company’s stock.

Insider Transactions at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.14% of the stock is owned by corporate insiders.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $26.22 on Monday. The stock has a market cap of $3.74 billion, a P/E ratio of -39.13, a P/E/G ratio of 0.93 and a beta of 1.16. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $21.26 and a two-hundred day moving average price of $21.83. Baldwin Insurance Group, Inc. has a one year low of $15.88 and a one year high of $43.64.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $532.24 million for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. As a group, equities analysts predict that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BWIN shares. Bank of America dropped their price objective on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company upped their target price on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. BMO Capital Markets increased their target price on Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, June 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Wednesday. Finally, TD Cowen restated a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.89.

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.