Baldwin Insurance Group, Inc. $BWIN Shares Purchased by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC boosted its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 11,089.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,717,538 shares of the company’s stock after buying an additional 1,702,189 shares during the period. Baldwin Insurance Group makes up approximately 6.0% of Annis Gardner Whiting Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Annis Gardner Whiting Capital Advisors LLC’s holdings in Baldwin Insurance Group were worth $37,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWIN. Bank of New York Mellon Corp boosted its holdings in shares of Baldwin Insurance Group by 36.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock valued at $85,963,000 after acquiring an additional 1,044,200 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Baldwin Insurance Group in the first quarter valued at $1,738,000. Equitable Trust Co. purchased a new stake in Baldwin Insurance Group in the first quarter valued at $6,209,000. HB Wealth Management LLC boosted its holdings in Baldwin Insurance Group by 1.0% in the first quarter. HB Wealth Management LLC now owns 74,451 shares of the company’s stock valued at $1,633,000 after purchasing an additional 703 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in Baldwin Insurance Group during the 1st quarter worth about $5,856,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $27.25 on Friday. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -40.67, a PEG ratio of 0.99 and a beta of 1.08. Baldwin Insurance Group, Inc. has a twelve month low of $15.88 and a twelve month high of $43.64. 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 stock has a 50-day moving average of $22.26 and a 200 day moving average of $22.19.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BWIN shares. Weiss Ratings upgraded Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. Wells Fargo & Company raised their target price on Baldwin Insurance Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price target on Baldwin Insurance Group from $26.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. Finally, Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is available at the SEC website. 15.80% of the stock is owned by company insiders.

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.