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

Tributary Capital Management LLC bought a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 471,809 shares of the company’s stock, valued at approximately $18,287,000.

A number of other large investors have also added to or reduced their stakes in BWIN. Wealth Enhancement Advisory Services LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at about $5,115,000. JPMorgan Chase & Co. lifted its holdings in shares of The Baldwin Insurance Group by 1,946.7% in 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. Diversified Trust Co bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $788,000. Harbor Capital Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $2,000,000. Finally, Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group in the 3rd quarter worth $263,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Price Performance

Shares of BWIN opened at $40.48 on Friday. 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 Baldwin Insurance Group, Inc. has a one year low of $21.70 and a one year high of $55.82. The company has a 50-day simple moving average of $41.95 and a two-hundred day simple moving average of $44.58.

The Baldwin Insurance Group (NASDAQ:BWIN) last released 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 firm had revenue of $339.90 million for the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Research analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 20.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods decreased their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. 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 on the stock in a research 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 cut 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, Jefferies Financial Group increased their price objective 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.50.

About The 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.