Baldwin Insurance Shares Dip as Wall Street Hits Record Highs
Baldwin Insurance Group shares fell 2.2% to $19.42 Friday, underperforming as the S&P 500 and Nasdaq closed at record highs. The stock lost 1.2% for the holiday-shortened week. Baldwin reported Q1 revenue up 29% to $532.2 million, but posted a net loss of $1.9 million. CEO Trevor Baldwin and CFO Brad Hale will speak at the William Blair Growth Stock Conference on June 3.