Rockefeller Capital Management L.P. Has $2.90 Million Position in Baldwin Insurance Group, Inc. $BWIN

Rockefeller Capital Management L.P. cut its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 77.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 120,622 shares of the company’s stock after selling 414,083 shares during the period. Rockefeller Capital Management L.P.’s holdings in Baldwin Insurance Group were worth $2,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Baldwin Insurance Group by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock worth $1,795,000 after buying an additional 2,309 shares during the period. Millennium Management LLC raised its holdings in Baldwin Insurance Group by 371.9% in the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock valued at $11,384,000 after acquiring an additional 200,754 shares during the period. NewEdge Advisors LLC lifted its position in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after acquiring an additional 700 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Baldwin Insurance Group by 3.6% during the first quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after acquiring an additional 13,058 shares during the last quarter. 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% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after acquiring an additional 11,768 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on BWIN shares. UBS Group decreased their target price on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. Morgan Stanley set a $28.00 price target on Baldwin Insurance Group in a research note on Monday, June 22nd. Bank of America decreased their price objective on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. upgraded Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $28.00 in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.89.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 20.14% of the company’s stock.

Baldwin Insurance Group Price Performance

Baldwin Insurance Group stock opened at $26.22 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $43.64. The stock has a market capitalization of $3.74 billion, a P/E ratio of -39.13, a price-to-earnings-growth ratio of 0.93 and a beta of 1.16. The stock has a fifty day moving average of $21.26 and a 200-day moving average of $21.83.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The business had revenue of $532.24 million during the quarter, compared to analyst estimates of $524.07 million. During the same period last year, the business earned $0.65 earnings per share. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, sell-side analysts expect that Baldwin Insurance Group, Inc. will post 1.38 earnings per share 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.