The Baldwin Insurance Group (NASDAQ:BWIN) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

The Baldwin Insurance Group (NASDAQ:BWINGet Free Report) released its earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, Briefing.com reports. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The business had revenue of $339.80 million during the quarter, compared to the consensus estimate of $334.95 million. During the same period last year, the business posted $0.03 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis.

The Baldwin Insurance Group Stock Up 2.4 %

Shares of NASDAQ BWIN traded up $0.99 during midday trading on Wednesday, hitting $42.49. The stock had a trading volume of 405,210 shares, compared to its average volume of 406,217. The firm’s 50 day moving average is $37.10. The Baldwin Insurance Group has a 52 week low of $17.33 and a 52 week high of $44.87. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The stock has a market cap of $4.99 billion, a P/E ratio of -45.76, a P/E/G ratio of 1.18 and a beta of 1.58.

Insider Activity at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $34.10, for a total value of $4,262,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 20.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BWIN shares. UBS Group upped their price target on The Baldwin Insurance Group from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods increased their price target on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company raised their price objective on shares of The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday. Raymond James reiterated a “strong-buy” rating and issued a $45.00 target price (up from $40.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.40.

Read Our Latest Report on The Baldwin Insurance Group

About The Baldwin Insurance Group

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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.

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Earnings History for The Baldwin Insurance Group (NASDAQ:BWIN)

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