Cyndeo Wealth Partners LLC Acquires New Holdings in Baldwin Insurance Group, Inc. $BWIN

Cyndeo Wealth Partners LLC acquired a new stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,998 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also recently bought and sold shares of the company. KBC Group NV lifted its position in Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock valued at $164,000 after purchasing an additional 396 shares during the last quarter. US Bancorp DE raised its position in shares of Baldwin Insurance Group by 6.5% during the 1st quarter. US Bancorp DE now owns 7,337 shares of the company’s stock worth $328,000 after buying an additional 450 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Baldwin Insurance Group by 5.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company’s stock worth $582,000 after buying an additional 700 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Baldwin Insurance Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after buying an additional 700 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Baldwin Insurance Group by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 109,566 shares of the company’s stock worth $4,897,000 after buying an additional 742 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWIN has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating on the stock in a research report on Wednesday. Wall Street Zen downgraded shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. dropped their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.50.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $28.73 on Friday. The firm’s 50 day moving average is $31.14 and its 200-day moving average is $37.31. The stock has a market capitalization of $3.41 billion, a P/E ratio of -99.07, a P/E/G ratio of 1.29 and a beta of 1.39. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. Baldwin Insurance Group, Inc. has a 12-month low of $26.33 and a 12-month high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $378.81 million for the quarter, compared to analysts’ expectations of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. Equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Baldwin Insurance Group

In other news, CFO Bradford Hale bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $28.72 per share, with a total value of $287,200.00. Following the completion of the transaction, the chief financial officer directly owned 144,659 shares in the company, valued at approximately $4,154,606.48. The trade was a 7.43% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 18.51% of the stock is currently owned by company insiders.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.