Janney Montgomery Scott LLC Sells 482 Shares of Baldwin Insurance Group, Inc. $BWIN

Janney Montgomery Scott LLC decreased its position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 6.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,457 shares of the company’s stock after selling 482 shares during the period. Janney Montgomery Scott LLC’s holdings in Baldwin Insurance Group were worth $276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Baldwin Insurance Group by 9.5% during the second quarter. Public Employees Retirement System of Ohio now owns 62,011 shares of the company’s stock valued at $2,655,000 after acquiring an additional 5,368 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Baldwin Insurance Group during the second quarter valued at approximately $227,000. Diversified Trust Co increased its holdings in shares of Baldwin Insurance Group by 14.9% during the second quarter. Diversified Trust Co now owns 31,651 shares of the company’s stock valued at $1,355,000 after acquiring an additional 4,109 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Baldwin Insurance Group by 50.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 164,778 shares of the company’s stock valued at $6,662,000 after acquiring an additional 55,326 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Baldwin Insurance Group by 14.3% during the second quarter. Harbor Capital Advisors Inc. now owns 111,765 shares of the company’s stock valued at $4,785,000 after acquiring an additional 13,987 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Stock Down 2.5%

Shares of NASDAQ:BWIN opened at $23.13 on Monday. The business’s 50 day moving average is $30.37 and its 200 day moving average is $36.57. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. Baldwin Insurance Group, Inc. has a 12-month low of $23.05 and a 12-month high of $55.70. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of -79.76, a PEG ratio of 1.13 and a beta of 1.39.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The business had revenue of $378.81 million for the quarter, compared to analysts’ expectations of $375.38 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Baldwin Insurance Group news, CFO Bradford Hale acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $28.72 per share, with a total value of $287,200.00. Following the completion of the transaction, the chief financial officer owned 144,659 shares in the company, valued at approximately $4,154,606.48. This trade represents a 7.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 20.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BWIN shares. BMO Capital Markets restated a “market perform” rating and set a $33.00 price objective (down previously from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Wells Fargo & Company cut their target price on Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their target price on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Baldwin Insurance Group has an average rating of “Hold” and an average target price of $37.67.

About Baldwin Insurance Group

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.