Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Average Rating of “Hold” from Brokerages

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.8333.

A number of research analysts recently commented on BWIN shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reduced their price objective on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a 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. Finally, Wells Fargo & Company lifted their target price on Baldwin Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th.

Insider Activity

In other news, insider James Morgan Roche sold 100,000 shares of the company’s stock in a transaction that occurred on 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 owned 122,113 shares in the company, valued at $2,955,134.60. This represents a 45.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 255,000 shares of company stock valued at $6,119,000 over the last quarter. Insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. MTM Investment Management LLC acquired a new position in shares of Baldwin Insurance Group during the 2nd quarter worth $30,000. Dorato Capital Management acquired a new position in Baldwin Insurance Group in the fourth quarter valued at $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Baldwin Insurance Group during the third quarter worth about $39,000. AlphaQuest LLC lifted its position in Baldwin Insurance Group by 249.2% during the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after buying an additional 1,393 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Baldwin Insurance Group during the 2nd quarter worth $58,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Trading Up 2.8%

BWIN stock opened at $25.84 on Tuesday. The firm has a market cap of $3.07 billion, a P/E ratio of -60.09, a PEG ratio of 0.92 and a beta of 1.38. The company’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $28.98. 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 52-week low of $21.26 and a 52-week high of $47.15.

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

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.