Baldwin Insurance Group, Inc. $BWIN Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 26.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,120 shares of the company’s stock after selling 83,028 shares during the period. Peregrine Capital Management LLC’s holdings in Baldwin Insurance Group were worth $6,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in Baldwin Insurance Group during the second quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC bought a new position in shares of Baldwin Insurance Group in the second quarter valued at $58,000. Strs Ohio bought a new position in shares of Baldwin Insurance Group in the first quarter valued at $72,000. First Horizon Advisors Inc. lifted its position in shares of Baldwin Insurance Group by 29.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after acquiring an additional 419 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Baldwin Insurance Group by 3,664.0% during the 2nd quarter. IFP Advisors Inc now owns 2,823 shares of the company’s stock worth $128,000 after acquiring an additional 2,748 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets cut their target price 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. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. UBS Group reduced their price objective on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Baldwin Insurance Group has a consensus rating of “Hold” and an average target price of $33.50.

Baldwin Insurance Group Trading Down 0.6%

NASDAQ:BWIN opened at $26.04 on Friday. The stock has a market cap of $3.09 billion, a PE ratio of -60.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.38. Baldwin Insurance Group, Inc. has a fifty-two week low of $21.26 and a fifty-two week high of $47.15. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s 50-day moving average is $25.43 and its two-hundred day moving average is $30.32.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $365.39 million during the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, equities research analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James Morgan Roche sold 80,000 shares of Baldwin Insurance Group stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the completion of the sale, the insider owned 42,113 shares of the company’s stock, valued at approximately $1,011,975.39. This trade represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 255,000 shares of company stock worth $6,119,000 in the last ninety days. 18.51% of the stock is currently owned by company insiders.

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.