Confluence Investment Management LLC Acquires Shares of 432,066 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Confluence Investment Management LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 432,066 shares of the company’s stock, valued at approximately $16,747,000.

A number of other hedge funds have also modified their holdings of BWIN. Peapack Gladstone Financial Corp acquired a new stake in The Baldwin Insurance Group in the 3rd quarter valued at $263,000. JPMorgan Chase & Co. lifted its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after acquiring an additional 1,175,484 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group during the third quarter valued at $29,447,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 20.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BWIN shares. JPMorgan Chase & Co. upped their target price on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $41.00 price objective (down previously from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. Finally, Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.83.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN traded down $0.77 during trading on Thursday, reaching $37.99. The company had a trading volume of 156,142 shares, compared to its average volume of 482,962. The Baldwin Insurance Group, Inc. has a 52 week low of $21.70 and a 52 week high of $55.82. The business’s 50 day moving average price is $44.62 and its 200-day moving average price is $44.18. The stock has a market cap of $4.47 billion, a PE ratio of -59.36, a PEG ratio of 1.27 and a beta of 1.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. Analysts expect that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

The Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.