Fifth Third Bancorp Buys New Position in Baldwin Insurance Group, Inc. $BWIN

Fifth Third Bancorp acquired a new position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 1st quarter, Holdings Channel.com reports. The firm acquired 79,193 shares of the company’s stock, valued at approximately $1,738,000.

A number of other institutional investors also recently bought and sold shares of BWIN. California State Teachers Retirement System raised its position in shares of Baldwin Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock valued at $2,650,000 after purchasing an additional 555 shares during the period. NewEdge Advisors LLC raised its stake in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after purchasing an additional 700 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Baldwin Insurance Group by 1.0% during the 1st quarter. HB Wealth Management LLC now owns 74,451 shares of the company’s stock valued at $1,633,000 after buying an additional 703 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Baldwin Insurance Group by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 82,834 shares of the company’s stock valued at $2,337,000 after purchasing an additional 715 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in Baldwin Insurance Group by 4.1% in the third quarter. Orion Porfolio Solutions LLC now owns 23,369 shares of the company’s stock worth $659,000 after buying an additional 914 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Insider Activity at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.80% of the company’s stock.

Wall Street Analysts Forecast Growth

BWIN has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Baldwin Insurance Group from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on Baldwin Insurance Group from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. UBS Group decreased their price objective on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Baldwin Insurance Group from $26.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Baldwin Insurance Group Trading Down 3.6%

Shares of BWIN stock opened at $25.20 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. Baldwin Insurance Group, Inc. has a 1-year low of $15.88 and a 1-year high of $41.63. The company has a market cap of $3.59 billion, a price-to-earnings ratio of -37.61, a PEG ratio of 0.94 and a beta of 1.08. The stock has a 50 day simple moving average of $22.62 and a 200-day simple moving average of $22.19.

Baldwin Insurance Group (NASDAQ:BWIN) last posted 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 firm 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. On average, equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current fiscal year.

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.