Baldwin Insurance Group (NASDAQ:BWIN) Price Target Raised to $25.00

Baldwin Insurance Group (NASDAQ:BWIN) had its target price boosted by Wells Fargo & Company from $24.00 to $25.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Raymond James Financial reissued an “outperform” rating and set a $40.00 target price (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. BMO Capital Markets lowered their price target on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.57.

Baldwin Insurance Group Trading Down 3.3%

Shares of BWIN stock opened at $25.05 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.45. Baldwin Insurance Group has a fifty-two week low of $21.26 and a fifty-two week high of $47.75. The firm’s 50 day moving average price is $26.17 and its two-hundred day moving average price is $32.79. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -58.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35.

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

Institutional Trading of Baldwin Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after buying an additional 419 shares during the period. US Bancorp DE boosted its holdings in shares of Baldwin Insurance Group by 6.5% during the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock valued at $328,000 after acquiring an additional 450 shares during the period. Teacher Retirement System of Texas grew its position in shares of Baldwin Insurance Group by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after acquiring an additional 470 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Baldwin Insurance Group by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after acquiring an additional 504 shares during the period. Finally, Cetera Trust Company N.A lifted its position in Baldwin Insurance Group by 10.1% in the 2nd quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after purchasing an additional 555 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.