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

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.25.

A number of research firms recently weighed in on BWIN. UBS Group decreased their target price on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Zacks Research cut Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Wells Fargo & Company raised their price objective on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Bank of America decreased their price objective on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. cut their target price on Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $19.42 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -28.98, a P/E/G ratio of 0.75 and a beta of 1.16. The company’s fifty day moving average is $21.82 and its two-hundred day moving average is $22.74. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $45.16.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $532.24 million for the quarter, compared to the consensus estimate of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Equities research analysts forecast that Baldwin Insurance Group will post 1.27 EPS for the current year.

Insiders Place Their Bets

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul Eugene Sparks acquired 15,200 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $22.10 per share, with a total value of $335,920.00. Following the purchase, the director owned 996,706 shares in the company, valued at approximately $22,027,202.60. This represents a 1.55% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 321,987 shares of company stock worth $6,831,404 in the last quarter. Corporate insiders own 20.14% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Baldwin Insurance Group by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock worth $1,795,000 after purchasing an additional 2,309 shares in the last quarter. Millennium Management LLC boosted its holdings in Baldwin Insurance Group by 371.9% during the first quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock valued at $11,384,000 after purchasing an additional 200,754 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after purchasing an additional 700 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Baldwin Insurance Group by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock valued at $16,964,000 after purchasing an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Baldwin Insurance Group by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after buying an additional 11,768 shares in the last quarter. Institutional investors 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.