Baldwin Insurance Group (NASDAQ:BWIN) Trading Down 4.8% – Should You Sell?

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) fell 4.8% on Monday . The stock traded as low as $27.01 and last traded at $27.0550. 323,965 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,692,017 shares. The stock had previously closed at $28.41.

Analyst Ratings Changes

Several equities analysts have commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods decreased their price target on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. BMO Capital Markets boosted their price objective on shares of Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 23rd. UBS Group cut their price objective on shares of Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Finally, Morgan Stanley set a $28.00 target price on shares of Baldwin Insurance Group in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.89.

Baldwin Insurance Group Price Performance

The firm has a fifty day moving average price of $21.45 and a two-hundred day moving average price of $21.98. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $3.87 billion, a P/E ratio of -40.39, a P/E/G ratio of 1.01 and a beta of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The firm had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the previous year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, analysts expect that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current year.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in Baldwin Insurance Group by 238.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company’s stock valued at $28,000 after purchasing an additional 900 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Baldwin Insurance Group by 666.5% during the fourth quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after purchasing an additional 1,053 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Baldwin Insurance Group by 43.3% during the second quarter. Versant Capital Management Inc now owns 1,201 shares of the company’s stock valued at $32,000 after purchasing an additional 363 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of Baldwin Insurance Group during the fourth quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Baldwin Insurance Group in the 3rd quarter worth about $39,000. 77.49% of the stock is owned by institutional investors.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.