Tributary Capital Management LLC Invests $18.29 Million in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)

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

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group during the 3rd quarter worth $29,447,000. Confluence Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $16,747,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $5,115,000. Finally, HB Wealth Management LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $2,468,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Insider Transactions at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were 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. Corporate insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock opened at $40.48 on Friday. 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 debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $41.95 and its 200 day simple moving average is $44.58.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. During the same period last year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. Jefferies Financial Group lifted their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company lowered their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, 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 for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Baldwin Insurance Group has a consensus rating of “Moderate Buy” and a consensus 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.