Baldwin Insurance Group (NASDAQ:BWIN) Director Paul Eugene Sparks Acquires 29,000 Shares of Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Paul Eugene Sparks bought 29,000 shares of the stock in a transaction on 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 owned 981,506 shares in the company, valued at $22,535,377.76. The trade was a 3.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 3rd, Paul Eugene Sparks acquired 15,200 shares of Baldwin Insurance Group stock. The stock was bought at an average price of $22.10 per share, for a total transaction of $335,920.00.

Baldwin Insurance Group Stock Down 1.1%

BWIN opened at $22.05 on Thursday. The firm has a market cap of $2.62 billion, a P/E ratio of -45.00, a PEG ratio of 0.80 and a beta of 1.30. The business’s fifty day simple moving average is $22.15 and its 200 day simple moving average is $25.62. Baldwin Insurance Group, Inc. has a 52 week low of $15.88 and a 52 week high of $47.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54.

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

Institutional Investors Weigh In On Baldwin Insurance Group

Several large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its holdings 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 in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Baldwin Insurance Group by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after purchasing an additional 470 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Baldwin Insurance Group by 3.9% in the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after buying an additional 504 shares during the period. Cetera Trust Company N.A boosted its position in shares of Baldwin Insurance Group by 10.1% in the second quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock worth $258,000 after buying an additional 555 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in Baldwin Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after acquiring an additional 555 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BWIN. Zacks Research cut shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Wall Street Zen raised Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. UBS Group reduced their target price on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group restated a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. Finally, TD Cowen started coverage on shares of Baldwin Insurance Group in a report on Wednesday, February 25th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.