Baldwin Insurance Group (NASDAQ:BWIN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Baldwin Insurance Group (NASDAQ:BWIN) had its price objective raised by equities research analysts at Wells Fargo & Company from $25.00 to $27.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 1.54% from the company’s current price.

A number of other equities research analysts also recently commented on BWIN. JPMorgan Chase & Co. lowered their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. BMO Capital Markets lowered their price target on 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. Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Finally, UBS Group lowered their price target on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.83.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $26.59 on Tuesday. Baldwin Insurance Group has a 1 year low of $21.26 and a 1 year high of $47.15. The company’s 50 day simple moving average is $25.58 and its 200 day simple moving average is $29.88. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -61.84, a PEG ratio of 0.93 and a beta of 1.38. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $365.39 million during the quarter, compared to analysts’ expectations of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. Baldwin Insurance Group’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. On average, sell-side analysts predict that Baldwin Insurance Group will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, insider James Morgan Roche sold 100,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the completion of the sale, the insider directly owned 122,113 shares in the company, valued at $2,955,134.60. This trade represents a 45.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 255,000 shares of company stock valued at $6,119,000. Corporate insiders own 18.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. MTM Investment Management LLC purchased a new stake in Baldwin Insurance Group during the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Baldwin Insurance Group in the third quarter worth $39,000. AlphaQuest LLC raised its holdings in Baldwin Insurance Group by 249.2% in the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after acquiring an additional 1,393 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Baldwin Insurance Group during the 2nd quarter valued at $58,000. Finally, Strs Ohio acquired a new position in Baldwin Insurance Group during the 1st quarter worth $72,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

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.