Jefferies Financial Group Raises The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $46.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective increased by Jefferies Financial Group from $38.00 to $46.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the stock.

BWIN has been the subject of several other research reports. UBS Group raised their target price on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a buy rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of 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. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an equal weight rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods raised their price target on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an outperform rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, The Baldwin Insurance Group has a consensus rating of Moderate Buy and a consensus target price of $47.67.

The Baldwin Insurance Group Stock Up 0.2 %

BWIN opened at $51.62 on Wednesday. The Baldwin Insurance Group has a 52 week low of $17.33 and a 52 week high of $52.83. The firm’s 50 day moving average is $46.55. 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 cap of $6.07 billion, a P/E ratio of -56.11, a PEG ratio of 1.39 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. 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 company posted $0.03 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that The Baldwin Insurance Group will post 1.11 EPS for the current fiscal year.

Insider Transactions at The Baldwin Insurance Group

In related news, CFO Bradford Hale sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the transaction, the chief financial officer now directly owns 98,131 shares of the company’s stock, valued at $4,071,455.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider James Morgan Roche sold 36,684 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $41.96, for a total value of $1,539,260.64. Following the sale, the insider now directly owns 396,815 shares in the company, valued at $16,650,357.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bradford Hale sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.49, for a total transaction of $414,900.00. Following the completion of the sale, the chief financial officer now directly owns 98,131 shares in the company, valued at approximately $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 in the last quarter. 20.14% of the stock is currently 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.