Confluence Investment Management LLC Takes $16.75 Million Position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Confluence Investment Management LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 432,066 shares of the company's stock, valued at approximately $16,747,000. Confluence Investment Management LLC owned approximately 0.37% of The Baldwin Insurance Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BWIN. JPMorgan Chase & Co. grew its position in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock valued at $61,546,000 after buying an additional 1,175,484 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of The Baldwin Insurance Group during the 3rd quarter worth about $29,447,000. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at about $263,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.14% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BWIN shares. Jefferies Financial Group upped their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Wells Fargo & Company restated an "underweight" rating and set a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, December 11th. Finally, William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $46.83.

The Baldwin Insurance Group Trading Down 3.8 %

The Baldwin Insurance Group stock traded down $1.49 during mid-day trading on Thursday, hitting $37.27. The company's stock had a trading volume of 634,293 shares, compared to its average volume of 482,962. The stock's fifty day moving average is $44.34 and its two-hundred day moving average is $44.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $4.38 billion, a PE ratio of -58.23, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The Baldwin Insurance Group, Inc. has a 1 year low of $21.70 and a 1 year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

The Baldwin Insurance Group Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.