Baldwin Insurance Group (NASDAQ:BWIN) Given New $27.00 Price Target at Wells Fargo & Company

Baldwin Insurance Group (NASDAQ:BWIN) had its target price increased by Wells Fargo & Company from $24.00 to $27.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also recently commented on BWIN. Keefe, Bruyette & Woods upped their price target on shares of Baldwin Insurance Group from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group reduced their price objective on shares of Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, June 24th. Bank of America dropped their target price on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.78.

Baldwin Insurance Group Trading Down 1.6%

Shares of BWIN opened at $26.45 on Thursday. Baldwin Insurance Group has a fifty-two week low of $15.88 and a fifty-two week high of $43.64. The business has a 50-day moving average of $21.63 and a 200 day moving average of $22.08. The firm has a market cap of $3.77 billion, a P/E ratio of -39.48, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $532.24 million for the quarter, compared to analysts’ expectations of $524.07 million. Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. Baldwin Insurance Group’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. As a group, research analysts forecast that Baldwin Insurance Group will post 1.38 EPS for the current year.

Insider Activity at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 18.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BWIN. Versant Capital Management Inc lifted its position in Baldwin Insurance Group by 43.3% during the second quarter. Versant Capital Management Inc now owns 1,201 shares of the company’s stock valued at $32,000 after purchasing an additional 363 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 1,053 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Baldwin Insurance Group by 238.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company’s stock worth $28,000 after acquiring an additional 900 shares during the last quarter. Dorato Capital Management purchased a new position in Baldwin Insurance Group in the fourth quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Baldwin Insurance Group in the third quarter worth $39,000. Hedge funds and other institutional investors 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.