The Baldwin Insurance Group (NASDAQ:BWIN) Given New $40.00 Price Target at Keefe, Bruyette & Woods

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price hoisted by Keefe, Bruyette & Woods from $34.00 to $40.00 in a research note released on Friday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Separately, Raymond James reiterated a strong-buy rating and set a $45.00 price objective (up from $40.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, May 22nd.

The Baldwin Insurance Group Stock Up 2.3 %

NASDAQ:BWIN opened at $36.29 on Friday. The Baldwin Insurance Group has a twelve month low of $17.33 and a twelve month high of $36.33. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -39.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. The firm had revenue of $380.37 million for the quarter, compared to analysts’ expectations of $375.30 million. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. On average, analysts expect that The Baldwin Insurance Group will post 1.1 EPS for the current year.

Insider Activity

In other news, Director Lowry Baldwin sold 125,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total transaction of $4,262,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 20.14% of the company’s stock.

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.