The Baldwin Insurance Group (NASDAQ:BWIN) PT Raised to $46.00 at Keefe, Bruyette & Woods

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price hoisted by Keefe, Bruyette & Woods from $40.00 to $46.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 8.95% from the stock’s previous close.

Several other research firms also recently weighed in on BWIN. Raymond James reiterated a “strong-buy” rating and set a $45.00 price target (up previously from $40.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, May 22nd. Wells Fargo & Company upped their price target on shares of The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, UBS Group raised their price target on The Baldwin Insurance Group from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $42.40.

The Baldwin Insurance Group Stock Up 1.7 %

The Baldwin Insurance Group stock traded up $0.72 during mid-day trading on Wednesday, reaching $42.22. 326,256 shares of the company’s stock were exchanged, compared to its average volume of 405,642. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $44.87. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -45.76, a PEG ratio of 1.18 and a beta of 1.58. The business has a fifty day simple moving average of $37.10. 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 announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. The business had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, sell-side analysts forecast that The Baldwin Insurance Group will post 1.08 earnings per share for the current year.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 125,000 shares of the company’s stock in a transaction dated 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 available at this hyperlink. 20.14% of the stock is currently owned by insiders.

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.