Baldwin Insurance Group (NASDAQ:BWIN) Shares Down 4.4% – Should You Sell?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares were down 4.4% on Wednesday . The stock traded as low as $21.35 and last traded at $21.1140. Approximately 239,421 shares changed hands during trading, a decline of 86% from the average daily volume of 1,696,870 shares. The stock had previously closed at $22.09.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BWIN. Raymond James Financial raised Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. Zacks Research lowered Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. 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. TD Cowen started coverage on Baldwin Insurance Group in a report on Wednesday, February 25th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating for the company in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Baldwin Insurance Group has an average rating of “Hold” and a consensus target price of $30.00.

Baldwin Insurance Group Price Performance

The company has a market cap of $3.10 billion, a PE ratio of -44.24, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. The stock has a fifty day moving average price of $20.85 and a 200-day moving average price of $24.43. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.16 and a quick ratio of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last issued 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 business had revenue of $347.28 million for 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%.Baldwin Insurance Group’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Activity

In other Baldwin Insurance Group news, Director Paul Eugene Sparks bought 29,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average price of $22.96 per share, for a total transaction of $665,840.00. Following the acquisition, the director directly owned 981,506 shares of the company’s stock, valued at approximately $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was 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. Insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWIN. William Blair Investment Management LLC grew its holdings in shares of Baldwin Insurance Group by 47.8% during the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock valued at $181,278,000 after acquiring an additional 2,439,118 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Baldwin Insurance Group by 20.3% during the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after acquiring an additional 659,433 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Baldwin Insurance Group by 25.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company’s stock valued at $69,060,000 after purchasing an additional 579,936 shares during the last quarter. MetLife Investment Management LLC grew its stake in Baldwin Insurance Group by 1,376.4% in the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock valued at $14,882,000 after purchasing an additional 577,345 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Baldwin Insurance Group in the third quarter valued at about $14,177,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

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.