Kennedy Capital Management LLC Boosts Holdings in Baldwin Insurance Group, Inc. $BWIN

Kennedy Capital Management LLC grew its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 99.7% in the third quarter, Holdings Channel reports. The firm owned 598,238 shares of the company’s stock after purchasing an additional 298,685 shares during the period. Kennedy Capital Management LLC’s holdings in Baldwin Insurance Group were worth $16,876,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BWIN. New York State Common Retirement Fund raised its holdings in shares of Baldwin Insurance Group by 422.6% in the 2nd quarter. New York State Common Retirement Fund now owns 257,384 shares of the company’s stock valued at $11,019,000 after acquiring an additional 208,137 shares in the last quarter. Fenimore Asset Management Inc increased its position in shares of Baldwin Insurance Group by 44.3% in the third quarter. Fenimore Asset Management Inc now owns 507,057 shares of the company’s stock worth $14,304,000 after purchasing an additional 155,654 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Baldwin Insurance Group by 8.0% in the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock worth $82,218,000 after purchasing an additional 142,506 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Baldwin Insurance Group by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company’s stock valued at $37,077,000 after purchasing an additional 29,137 shares in the last quarter. Finally, Austin Wealth Management LLC bought a new stake in Baldwin Insurance Group during the third quarter valued at approximately $812,000. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Trading Up 2.3%

Shares of NASDAQ:BWIN traded up $0.48 on Friday, reaching $21.29. 167,687 shares of the company traded hands, compared to its average volume of 1,584,431. The stock has a market capitalization of $2.53 billion, a P/E ratio of -43.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. The business’s 50-day simple moving average is $21.65 and its 200 day simple moving average is $25.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $47.15.

Baldwin Insurance Group (NASDAQ:BWIN) last released its 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. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The company had revenue of $347.28 million during the quarter, compared to analyst estimates of $351.75 million. During the same quarter in the previous year, the company posted $0.27 EPS. Baldwin Insurance Group’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BWIN has been the subject of a number of research reports. Jefferies Financial Group reissued a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a research note on Monday, December 15th. UBS Group dropped their price objective on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday. BMO Capital Markets lowered their price target on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Thursday, December 4th. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Baldwin Insurance Group has an average rating of “Hold” and an average target price of $30.00.

Insider Transactions at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00. Following the transaction, the insider directly owned 42,113 shares of the company’s stock, valued at $1,011,975.39. The trade was a 65.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the company’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 SEC filing for this sale provides additional information. Company 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.