Baldwin Insurance Group, Inc. $BWIN Stock Holdings Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 25.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,873,887 shares of the company’s stock after acquiring an additional 579,936 shares during the period. Bank of New York Mellon Corp’s holdings in Baldwin Insurance Group were worth $69,060,000 as of its most recent SEC filing.

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

Baldwin Insurance Group Trading Up 0.6%

Shares of NASDAQ:BWIN opened at $19.36 on Wednesday. The company has a 50 day moving average of $21.53 and a 200-day moving average of $22.35. The firm has a market cap of $2.76 billion, a P/E ratio of -28.90, a P/E/G ratio of 0.74 and a beta of 1.16. Baldwin Insurance Group, Inc. has a twelve month low of $15.88 and a twelve month high of $45.16. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $532.24 million during 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 company’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, analysts anticipate that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BWIN. TD Cowen began coverage on shares of Baldwin Insurance Group in a report on Wednesday, February 25th. They issued a “buy” rating for the company. UBS Group decreased their price target on shares of Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Bank of America decreased their price target on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.63.

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.