The Baldwin Insurance Group (NASDAQ:BWIN) Hits New 52-Week High at $42.75

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.75 and last traded at $42.38, with a volume of 16573 shares trading hands. The stock had previously closed at $41.39.

Analysts Set New Price Targets

Several brokerages recently issued reports on BWIN. UBS Group lifted their target price on The Baldwin Insurance Group from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their target price on The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Raymond James reissued a “strong-buy” rating and set a $45.00 target price (up previously from $40.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, May 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on The Baldwin Insurance Group from $34.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, June 28th.

The Baldwin Insurance Group Stock Performance

The business’s fifty day moving average is $35.96. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick 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 business had revenue of $380.37 million during 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%. As a group, equities research analysts expect that The Baldwin Insurance Group, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at The Baldwin Insurance Group

In other news, Director Lowry Baldwin sold 125,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total value of $4,262,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.14% of the company’s stock.

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.