Milford Funds Ltd. Acquires Shares of 346,319 Baldwin Insurance Group, Inc. $BWIN

Milford Funds Ltd. purchased a new position in shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 346,319 shares of the company’s stock, valued at approximately $8,322,000.

A number of other hedge funds have also made changes to their positions in BWIN. William Blair Investment Management LLC grew its position in shares of Baldwin Insurance Group by 47.8% during the fourth quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after buying an additional 2,439,118 shares in the last quarter. Champlain Investment Partners LLC grew its position in shares of Baldwin Insurance Group by 20.3% during the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after buying an additional 659,433 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Baldwin Insurance Group by 25.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company’s stock worth $69,060,000 after buying an additional 579,936 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Baldwin Insurance Group by 1,376.4% during the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after buying an additional 577,345 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Baldwin Insurance Group during the third quarter worth approximately $14,177,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

BWIN has been the subject of a number of recent analyst reports. Raymond James Financial raised shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Wells Fargo & Company raised their price target on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, TD Cowen initiated coverage on shares of Baldwin Insurance Group in a research report on Wednesday, February 25th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.63.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $18.13 on Friday. Baldwin Insurance Group, Inc. has a 1 year low of $15.88 and a 1 year high of $45.16. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -27.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a fifty day moving average of $21.34 and a 200-day moving average of $22.20.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $532.24 million for the quarter, compared to analyst estimates of $524.07 million. During the same period last year, the firm posted $0.65 EPS. The business’s revenue was up 28.7% compared to the same quarter last year. As a group, equities analysts anticipate that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current year.

Baldwin Insurance Group Company 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.