The Baldwin Insurance Group (NASDAQ:BWIN – Get 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
Read Our Latest Report on The Baldwin Insurance Group
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.
Featured Articles
- Five stocks we like better than The Baldwin Insurance Group
- Technology Stocks Explained: Here’s What to Know About Tech
- What Are Bonds? A High-Level Overview
- Ride Out The Recession With These Dividend Kings
- Super Micro Stock Drops Sharply After Earnings on Margin Concerns
- Health Care Stocks Explained: Why You Might Want to Invest
- Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump
Receive News & Ratings for The Baldwin Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Baldwin Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.