Fiera Capital Corp Has $23.82 Million Stock Position in Baldwin Insurance Group, Inc. $BWIN

Fiera Capital Corp grew its position in Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 30.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 991,213 shares of the company’s stock after acquiring an additional 231,993 shares during the period. Fiera Capital Corp’s holdings in Baldwin Insurance Group were worth $23,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fenimore Asset Management Inc grew its holdings in shares of Baldwin Insurance Group by 14.9% in the 4th quarter. Fenimore Asset Management Inc now owns 582,850 shares of the company’s stock valued at $14,006,000 after buying an additional 75,793 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Baldwin Insurance Group by 47.8% in 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 buying an additional 2,439,118 shares during the period. UBS Group AG grew its holdings in shares of Baldwin Insurance Group by 42.9% in the 4th quarter. UBS Group AG now owns 686,318 shares of the company’s stock valued at $16,492,000 after buying an additional 205,997 shares during the period. Capital World Investors grew its holdings in shares of Baldwin Insurance Group by 24.8% in the 3rd quarter. Capital World Investors now owns 1,259,949 shares of the company’s stock valued at $35,543,000 after buying an additional 250,000 shares during the period. Finally, Quadrant Private Wealth Management LLC grew its holdings in shares of Baldwin Insurance Group by 584.8% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 66,901 shares of the company’s stock valued at $1,608,000 after buying an additional 57,131 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Trading Down 3.2%

Baldwin Insurance Group stock opened at $19.24 on Tuesday. The firm has a 50-day moving average of $21.56 and a 200-day moving average of $22.40. Baldwin Insurance Group, Inc. has a one year low of $15.88 and a one year high of $45.16. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -28.72, a P/E/G ratio of 0.76 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business had revenue of $532.24 million for the quarter, compared to analyst estimates of $524.07 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. On average, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target 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. Raymond James Financial raised shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $20.00 to $30.00 in a report on Friday, February 27th. Wells Fargo & Company boosted their price target on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. TD Cowen initiated coverage on shares of Baldwin Insurance Group in a report on Wednesday, February 25th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Baldwin Insurance Group has an average rating of “Hold” and an average target price of $30.25.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.14% of the stock is currently owned by corporate insiders.

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.