The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Sees Large Decline in Short Interest

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 3,290,000 shares, a decline of 12.3% from the October 31st total of 3,750,000 shares. Based on an average daily volume of 635,700 shares, the days-to-cover ratio is currently 5.2 days. Currently, 4.9% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company reduced their price target on shares of The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price objective on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group upped their price target on 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. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $47.17.

The Baldwin Insurance Group Stock Up 0.4 %

The Baldwin Insurance Group stock traded up $0.20 during trading on Friday, reaching $48.96. The stock had a trading volume of 223,301 shares, compared to its average volume of 809,259. The Baldwin Insurance Group has a 52-week low of $17.33 and a 52-week high of $55.82. The firm has a 50 day moving average of $48.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $339.90 million during the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. As a group, research analysts forecast that The Baldwin Insurance Group will post 1.03 EPS for the current fiscal year.

The 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.