Tributary Capital Management LLC Purchases Shares of 471,809 The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

Tributary Capital Management LLC purchased a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 471,809 shares of the company's stock, valued at approximately $18,287,000. Tributary Capital Management LLC owned about 0.40% of The Baldwin Insurance Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BWIN. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group during the third quarter valued at about $29,447,000. JPMorgan Chase & Co. grew its position in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after acquiring an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group in the 3rd quarter worth approximately $263,000. Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $16,747,000. Finally, Diversified Trust Co purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $788,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business's stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Stock Performance

BWIN stock traded down $0.30 during trading on Friday, reaching $40.48. The stock had a trading volume of 436,168 shares, compared to its average volume of 465,138. The stock's 50 day moving average is $41.95 and its two-hundred day moving average is $44.63. The Baldwin Insurance Group, Inc. has a 52 week low of $21.70 and a 52 week high of $55.82. 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 cap of $4.76 billion, a PE ratio of -63.25, a PEG ratio of 1.21 and a beta of 1.64.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, January 3rd. William Blair raised shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, October 17th. Wells Fargo & Company dropped their price target on The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. Finally, Jefferies Financial Group raised their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.50.

The Baldwin Insurance Group Company 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.