Paul Eugene Sparks Acquires 15,200 Shares of Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Paul Eugene Sparks purchased 15,200 shares of Baldwin Insurance Group stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average price of $22.10 per share, with a total value of $335,920.00. Following the transaction, the director owned 996,706 shares in the company, valued at approximately $22,027,202.60. The trade was a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Paul Eugene Sparks also recently made the following trade(s):

• On Monday, March 2nd, Paul Eugene Sparks acquired 29,000 shares of Baldwin Insurance Group stock. The shares were purchased at an average price of $22.96 per share, with a total value of $665,840.00.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN opened at $22.24 on Friday. 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, Inc. has a 1 year low of $15.88 and a 1 year high of $47.15. The firm has a market capitalization of $2.64 billion, a PE ratio of -45.39, a P/E/G ratio of 0.79 and a beta of 1.30. The business’s 50 day moving average price is $22.09 and its 200-day moving average price is $25.60.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $347.28 million during the quarter, compared to the consensus estimate of $351.75 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Institutional Trading of Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BWIN. New York State Common Retirement Fund raised its position in Baldwin Insurance Group by 422.6% in the second quarter. New York State Common Retirement Fund now owns 257,384 shares of the company’s stock valued at $11,019,000 after purchasing an additional 208,137 shares during the period. Fenimore Asset Management Inc grew its holdings in shares of Baldwin Insurance Group by 44.3% during the 3rd 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 period. Westwood Holdings Group Inc. increased its position in shares of Baldwin Insurance Group by 8.0% during the 2nd 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. Envestnet Asset Management Inc. raised its holdings in Baldwin Insurance Group by 84.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 201,557 shares of the company’s stock valued at $8,629,000 after buying an additional 91,991 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Baldwin Insurance Group by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,083 shares of the company’s stock valued at $37,077,000 after buying an additional 29,137 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company dropped 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. Zacks Research cut Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, January 7th. BMO Capital Markets reduced their price objective 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. Finally, UBS Group lowered their price objective on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Baldwin Insurance Group currently has a consensus rating of “Hold” and a consensus target price of $31.17.

About Baldwin Insurance Group

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.