Kennedy Capital Management LLC Acquires 221,457 Shares of Baldwin Insurance Group, Inc. $BWIN

Kennedy Capital Management LLC raised its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 819,695 shares of the company’s stock after purchasing an additional 221,457 shares during the quarter. Kennedy Capital Management LLC’s holdings in Baldwin Insurance Group were worth $19,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. California State Teachers Retirement System increased its stake in shares of Baldwin Insurance Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock valued at $2,650,000 after buying an additional 555 shares during the period. NewEdge Advisors LLC increased its stake in shares of 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 buying an additional 700 shares during the period. Alliancebernstein L.P. increased its stake in shares of Baldwin Insurance Group by 0.9% during the third quarter. Alliancebernstein L.P. now owns 82,834 shares of the company’s stock valued at $2,337,000 after buying an additional 715 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Baldwin Insurance Group by 4.1% during the third quarter. Orion Porfolio Solutions LLC now owns 23,369 shares of the company’s stock valued at $659,000 after buying an additional 914 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Baldwin Insurance Group by 8.5% during the fourth quarter. ProShare Advisors LLC now owns 13,045 shares of the company’s stock valued at $313,000 after buying an additional 1,023 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Baldwin Insurance Group Price Performance

Shares of BWIN stock opened at $18.13 on Friday. Baldwin Insurance Group, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $45.16. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -27.06, a PEG ratio of 0.70 and a beta of 1.16. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50-day simple moving average is $21.34 and its 200-day simple moving average is $22.20.

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

Wall Street Analyst Weigh In

BWIN has been the topic of several research reports. UBS Group cut their price target on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Friday, March 27th. Bank of America cut their target price on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. TD Cowen assumed coverage on Baldwin Insurance Group in a research note on Wednesday, February 25th. They issued a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods cut their target price on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.63.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Profile

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.