Insider Buying: Baldwin Insurance Group (NASDAQ:BWIN) Director Buys $665,840.00 in Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Paul Eugene Sparks bought 29,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were bought at an average cost of $22.96 per share, with a total value of $665,840.00. Following the transaction, the director directly owned 981,506 shares of the company’s stock, valued at approximately $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Paul Eugene Sparks also recently made the following trade(s):

• On Tuesday, March 3rd, Paul Eugene Sparks purchased 15,200 shares of Baldwin Insurance Group stock. The shares were bought at an average price of $22.10 per share, for a total transaction of $335,920.00.

Baldwin Insurance Group Trading Down 5.4%

NASDAQ:BWIN opened at $21.03 on Friday. The company’s 50 day moving average is $22.00 and its 200-day moving average is $25.51. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54. Baldwin Insurance Group, Inc. has a 12 month low of $15.88 and a 12 month high of $47.15. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -42.92, a P/E/G ratio of 0.80 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The business had revenue of $347.28 million during the quarter, compared to the consensus estimate of $351.75 million. During the same period in the prior year, the firm earned $0.27 EPS. Baldwin Insurance Group’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BWIN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $28.00 target price on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Raymond James Financial raised Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $20.00 to $30.00 in a report on Friday, February 27th. Zacks Research downgraded Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Baldwin Insurance Group presently has a consensus rating of “Hold” and an average price target of $31.17.

Institutional Trading of Baldwin Insurance Group

Several large investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its holdings in shares of Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after acquiring an additional 2,439,118 shares in the last quarter. Fiera Capital Corp bought a new position in Baldwin Insurance Group in the 2nd quarter valued at $33,346,000. Champlain Investment Partners LLC boosted its stake in Baldwin Insurance Group by 20.3% in the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after purchasing an additional 659,433 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Baldwin Insurance Group by 25.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company’s stock worth $69,060,000 after purchasing an additional 579,936 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Baldwin Insurance Group by 1,376.4% during the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after purchasing an additional 577,345 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

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.