GW&K Investment Management LLC Sells 555,762 Shares of Baldwin Insurance Group, Inc. $BWIN

GW&K Investment Management LLC lessened its stake in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 96.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,762 shares of the company’s stock after selling 555,762 shares during the quarter. GW&K Investment Management LLC’s holdings in Baldwin Insurance Group were worth $501,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BWIN. First Horizon Advisors Inc. lifted its holdings in shares of Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after purchasing an additional 419 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Baldwin Insurance Group by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after buying an additional 470 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Baldwin Insurance Group by 3.9% during the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after buying an additional 504 shares in the last quarter. California State Teachers Retirement System raised its position in Baldwin Insurance Group by 0.9% in the 2nd 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 last quarter. Finally, NewEdge Advisors LLC raised its position in Baldwin Insurance Group by 6.7% in the 1st 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 last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BWIN. JPMorgan Chase & Co. reduced their price target on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. TD Cowen initiated coverage on shares of Baldwin Insurance Group in a report on Wednesday, February 25th. They issued a “buy” rating on the stock. UBS Group cut their price objective on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company reduced their target price on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. One research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Baldwin Insurance Group has an average rating of “Hold” and a consensus price target of $31.17.

Insider Activity

In other news, Director Paul Eugene Sparks bought 15,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of $22.10 per share, with a total value of $335,920.00. Following the completion of the purchase, the director owned 996,706 shares of the company’s stock, valued at $22,027,202.60. This represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 359,987 shares of company stock valued at $8,292,524. 18.51% of the stock is owned by insiders.

Baldwin Insurance Group Stock Performance

BWIN opened at $21.03 on Friday. The business’s 50-day simple moving average is $22.00 and its 200 day simple moving average is $25.46. Baldwin Insurance Group, Inc. has a 52-week low of $15.88 and a 52-week high of $47.15. 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 firm has a market capitalization of $2.50 billion, a PE ratio of -42.92, a PEG ratio of 0.76 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $347.28 million during 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 business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. As a group, sell-side analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Baldwin Insurance Group Company 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.