The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $45.50 Average PT from Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. 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 given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $45.50.

A number of research firms have recently weighed in on BWIN. JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company decreased their price objective on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th.

The Baldwin Insurance Group Trading Down 1.9 %

NASDAQ BWIN opened at $40.78 on Friday. The Baldwin Insurance Group has a 1-year low of $21.70 and a 1-year high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $4.80 billion, a PE ratio of -63.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. The firm’s fifty day simple moving average is $42.09 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 for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same period last year, the company posted $0.15 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC acquired a new position in shares of The Baldwin Insurance Group during the third quarter valued at about $29,447,000. JPMorgan Chase & Co. raised its position in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after buying an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new position in shares of The Baldwin Insurance Group during the third quarter valued at about $263,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $16,747,000. Finally, Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $788,000. 77.49% of the stock is currently owned by institutional investors.

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.