The Baldwin Insurance Group (NASDAQ:BWIN) Trading 3.8% Higher – What’s Next?

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s share price shot up 3.8% during trading on Thursday . The company traded as high as $55.14 and last traded at $54.92. 31,668 shares were traded during trading, a decline of 92% from the average session volume of 416,883 shares. The stock had previously closed at $52.90.

Wall Street Analyst Weigh In

Several analysts have issued reports on BWIN shares. Jefferies Financial Group upped their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. UBS Group raised their price objective on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday. Wells Fargo & Company increased their price target on The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

The Baldwin Insurance Group Trading Down 0.9 %

The stock has a market cap of $6.44 billion, a P/E ratio of -59.54, a PEG ratio of 1.39 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $47.73.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The business had revenue of $339.80 million during the quarter, compared to analyst estimates of $334.95 million. During the same quarter last year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts forecast that The Baldwin Insurance Group, Inc. will post 1.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lowry Baldwin sold 50,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $46.74, for a total value of $2,337,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Lowry Baldwin sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $46.74, for a total value of $2,337,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James Morgan Roche sold 36,684 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the completion of the transaction, the insider now owns 396,815 shares of the company’s stock, valued at $16,650,357.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 508,616 shares of company stock worth $21,947,676 over the last 90 days. Corporate insiders own 20.14% of the company’s stock.

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.