SG Americas Securities LLC Trims Position in Baldwin Insurance Group, Inc. $BWIN

SG Americas Securities LLC cut its stake in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 94.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,388 shares of the company’s stock after selling 264,382 shares during the period. SG Americas Securities LLC’s holdings in Baldwin Insurance Group were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Baldwin Insurance Group by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock worth $1,795,000 after buying an additional 2,309 shares in the last quarter. Millennium Management LLC grew its stake in Baldwin Insurance Group by 371.9% during the first quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock valued at $11,384,000 after acquiring an additional 200,754 shares in the last quarter. NewEdge Advisors LLC grew its stake in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after acquiring an additional 700 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after acquiring an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Baldwin Insurance Group by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after purchasing an additional 11,768 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BWIN. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. Morgan Stanley set a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, June 22nd. UBS Group lowered their price objective on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Bank of America dropped their price objective on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company boosted their target price on Baldwin Insurance Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.78.

Insider Buying and Selling at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.51% of the company’s stock.

Baldwin Insurance Group Stock Performance

NASDAQ:BWIN opened at $26.45 on Friday. The business has a 50 day moving average of $21.63 and a 200 day moving average of $22.08. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of -39.48, a PEG ratio of 0.95 and a beta of 1.08. Baldwin Insurance Group, Inc. has a 1-year low of $15.88 and a 1-year high of $43.64. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results 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 negative net margin of 2.80% and a positive return on equity of 12.35%. The business had revenue of $532.24 million for the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 28.7% on a year-over-year basis. On average, sell-side analysts predict that Baldwin Insurance Group, Inc. will post 1.38 earnings per share for the current fiscal year.

Baldwin Insurance Group 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.