BMO Capital Markets Has Lowered Expectations for Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

Baldwin Insurance Group (NASDAQ:BWIN) had its price target reduced by equities researchers at BMO Capital Markets from $34.00 to $33.00 in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 31.74% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, UBS Group decreased their target price on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.57.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $25.05 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The business’s fifty day moving average price is $26.17 and its two-hundred day moving average price is $32.86. The stock has a market cap of $2.97 billion, a PE ratio of -58.25, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. Baldwin Insurance Group has a one year low of $21.26 and a one year high of $47.75.

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

Institutional Trading of Baldwin Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. purchased a new position in shares of Baldwin Insurance Group during the third quarter valued at approximately $211,000. Caitong International Asset Management Co. Ltd bought a new stake in Baldwin Insurance Group in the 3rd quarter worth approximately $39,000. Dark Forest Capital Management LP purchased a new stake in Baldwin Insurance Group during the 3rd quarter valued at $1,468,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Baldwin Insurance Group by 46.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,630 shares of the company’s stock valued at $2,557,000 after buying an additional 28,619 shares during the period. Finally, Numerai GP LLC purchased a new position in shares of Baldwin Insurance Group in the 3rd quarter worth $410,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About 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.