Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $38.57 Consensus PT from Brokerages

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $38.5714.

A number of equities analysts have weighed in on BWIN shares. JPMorgan Chase & Co. decreased their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets decreased their price objective on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, December 4th.

Baldwin Insurance Group Stock Up 0.5%

Shares of NASDAQ BWIN opened at $22.31 on Monday. The stock has a fifty day moving average price of $25.85 and a 200 day moving average price of $32.50. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45. Baldwin Insurance Group has a 12-month low of $21.26 and a 12-month high of $47.15. The company has a market cap of $2.65 billion, a P/E ratio of -51.88, a P/E/G ratio of 1.04 and a beta of 1.35.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The company had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts anticipate that Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Baldwin Insurance Group news, insider James Morgan Roche sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $25.08, for a total transaction of $376,200.00. Following the completion of the sale, the insider owned 42,113 shares in the company, valued at $1,056,194.04. This trade represents a 26.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.51% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in Baldwin Insurance Group during the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Baldwin Insurance Group in the 3rd quarter valued at approximately $39,000. AlphaQuest LLC raised its position in shares of Baldwin Insurance Group by 249.2% during the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after acquiring an additional 1,393 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Baldwin Insurance Group during the second quarter worth $58,000. Finally, Strs Ohio bought a new position in Baldwin Insurance Group during the first quarter worth $72,000. 77.49% of the stock is owned by institutional investors.

Baldwin Insurance Group Company Profile

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.