Paul Eugene Sparks Acquires 15,200 Shares of Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Paul Eugene Sparks bought 15,200 shares of Baldwin Insurance Group stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average price of $22.10 per share, with a total value of $335,920.00. Following the completion of the acquisition, the director owned 996,706 shares in the company, valued at approximately $22,027,202.60. The trade was a 1.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, March 2nd, Paul Eugene Sparks purchased 29,000 shares of Baldwin Insurance Group stock. The shares were bought at an average price of $22.96 per share, for a total transaction of $665,840.00.

Baldwin Insurance Group Stock Performance

Shares of Baldwin Insurance Group stock traded down $0.24 on Wednesday, reaching $22.05. The stock had a trading volume of 1,163,585 shares, compared to its average volume of 1,839,834. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50-day moving average price is $22.15 and its two-hundred day moving average price is $25.62. The stock has a market cap of $2.62 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. Baldwin Insurance Group, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $47.15.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BWIN. Larson Financial Group LLC grew its holdings in Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after acquiring an additional 1,053 shares during the period. MTM Investment Management LLC bought a new position in shares of Baldwin Insurance Group in the 2nd quarter worth $30,000. Dorato Capital Management acquired a new stake in shares of Baldwin Insurance Group during the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd bought a new stake in Baldwin Insurance Group in the third quarter valued at about $39,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Baldwin Insurance Group in the fourth quarter valued at about $46,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWIN has been the topic of several research analyst reports. Zacks Research downgraded shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. Wells Fargo & Company cut their price objective on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. TD Cowen began coverage on Baldwin Insurance Group in a research report on Wednesday, February 25th. They set a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.17.

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.