Baldwin Insurance Group, Inc. $BWIN Stock Holdings Increased by Laird Norton Wetherby Trust Company LLC

Laird Norton Wetherby Trust Company LLC grew its holdings in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 218.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 97,972 shares of the company’s stock after acquiring an additional 67,192 shares during the quarter. Laird Norton Wetherby Trust Company LLC owned about 0.08% of Baldwin Insurance Group worth $2,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lighthouse Investment Partners LLC acquired a new position in shares of Baldwin Insurance Group during the third quarter valued at $3,041,000. Holocene Advisors LP lifted its holdings in Baldwin Insurance Group by 182.7% in the third quarter. Holocene Advisors LP now owns 57,563 shares of the company’s stock worth $1,624,000 after purchasing an additional 37,201 shares during the period. Aristotle Capital Boston LLC lifted its holdings in Baldwin Insurance Group by 53.6% in the third quarter. Aristotle Capital Boston LLC now owns 655,965 shares of the company’s stock worth $18,505,000 after purchasing an additional 228,940 shares during the period. Alliancebernstein L.P. grew its position in Baldwin Insurance Group by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 82,834 shares of the company’s stock valued at $2,337,000 after buying an additional 715 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Baldwin Insurance Group in the 3rd quarter valued at about $14,177,000. Institutional investors own 77.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Eugene Sparks acquired 15,200 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the transaction, the director owned 996,706 shares of the company’s stock, valued at approximately $22,027,202.60. The trade was a 1.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $21.25, for a total value of $2,549,723.75. The disclosure for this sale is available in the SEC filing. Company insiders own 20.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BWIN shares. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. UBS Group decreased 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, March 9th. Jefferies Financial Group reiterated a “hold” rating and set a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Wall Street Zen raised Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Wells Fargo & Company cut their target price on 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.00.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock opened at $21.11 on Tuesday. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $47.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. The stock has a market cap of $2.50 billion, a PE ratio of -43.08, a price-to-earnings-growth ratio of 0.77 and a beta of 1.30. The company’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $24.89.

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