The Baldwin Insurance Group (NASDAQ:BWIN) Given New $46.00 Price Target at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price boosted by Wells Fargo & Company from $39.00 to $46.00 in a report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also recently weighed in on BWIN. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a hold rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. UBS Group increased their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a buy rating in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. increased their target price on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $47.67.

The Baldwin Insurance Group Trading Up 1.9 %

Shares of NASDAQ:BWIN traded up $0.97 during trading on Thursday, hitting $52.49. 17,843 shares of the company were exchanged, compared to its average volume of 417,559. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $52.83. The firm has a fifty day simple moving average of $46.35. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $6.17 billion, a PE ratio of -64.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $339.80 million for the quarter, compared to analysts’ expectations of $334.95 million. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. As a group, research analysts predict that The Baldwin Insurance Group will post 1.11 EPS for the current year.

Insider Activity at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 150,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $42.17, for a total value of $6,325,500.00. Following the sale, the insider now directly owns 184,226 shares of the company’s stock, valued at $7,768,810.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider James Morgan Roche sold 150,000 shares of The Baldwin Insurance Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $42.17, for a total transaction of $6,325,500.00. Following the sale, the insider now directly owns 184,226 shares of the company’s stock, valued at approximately $7,768,810.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Bradford Hale sold 10,000 shares of The Baldwin Insurance Group stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the sale, the chief financial officer now directly owns 98,131 shares in the company, valued at $4,071,455.19. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 508,616 shares of company stock valued at $21,947,676 over the last ninety days. 20.14% of the stock is owned by corporate 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.