Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Recommendation of “Hold” by Analysts

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has earned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $36.5714.

Several research analysts recently weighed in on the company. Wells Fargo & Company raised Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price target on the stock in a research report on Friday, December 12th. BMO Capital Markets decreased 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, December 4th. JPMorgan Chase & Co. decreased their target price on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday. Finally, Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd.

Baldwin Insurance Group Stock Down 5.6%

Shares of NASDAQ:BWIN opened at $24.03 on Friday. The firm has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $30.92. Baldwin Insurance Group has a 52 week low of $21.26 and a 52 week high of $47.15. 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 company has a market cap of $2.85 billion, a PE ratio of -55.88, a price-to-earnings-growth ratio of 1.13 and a beta of 1.38.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $365.39 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.33 EPS. As a group, research analysts expect that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 80,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the completion of the sale, the insider directly owned 42,113 shares of the company’s stock, valued at $1,011,975.39. This trade represents a 65.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 255,000 shares of company stock worth $6,119,000. 18.51% of the stock is owned by company insiders.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in Baldwin Insurance Group during the second quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Baldwin Insurance Group during the 2nd quarter worth $58,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Baldwin Insurance Group during the 3rd quarter worth $39,000. Strs Ohio bought a new position in shares of Baldwin Insurance Group during the 1st quarter valued at $72,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Baldwin Insurance Group by 29.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after purchasing an additional 419 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.