Baldwin Insurance Group (NASDAQ:BWIN) Director Acquires $335,920.00 in Stock

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Director Paul Eugene Sparks bought 15,200 shares of the stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the completion of the purchase, the director directly owned 996,706 shares in the company, valued at approximately $22,027,202.60. This represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Baldwin Insurance Group Stock Performance

NASDAQ:BWIN opened at $21.03 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. Baldwin Insurance Group, Inc. has a fifty-two week low of $15.88 and a fifty-two week high of $47.15. The firm has a market cap of $2.50 billion, a PE ratio of -42.92, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. The business has a 50 day moving average price of $22.00 and a 200-day moving average price of $25.51.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results 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. The business had revenue of $347.28 million for the quarter, compared to analysts’ expectations of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The firm’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 business posted $0.27 earnings per share. Equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BWIN. UBS Group decreased 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 report on Monday, November 10th. BMO Capital Markets lowered their target price on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. Zacks Research lowered shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.17.

Hedge Funds Weigh In On Baldwin Insurance Group

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC increased its position in Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after purchasing an additional 1,053 shares during the period. MTM Investment Management LLC purchased a new stake in shares of Baldwin Insurance Group in the 2nd quarter worth approximately $30,000. Dorato Capital Management bought a new position in shares of Baldwin Insurance Group during the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new position in Baldwin Insurance Group during the third quarter valued at approximately $39,000. Finally, Wealth Preservation Advisors LLC purchased a new position in Baldwin Insurance Group during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

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.