Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Average Recommendation of “Moderate Buy” from Analysts

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.00.

BWIN has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Baldwin Insurance Group from $26.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. BMO Capital Markets lifted their price objective on Baldwin Insurance Group from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Tuesday, June 23rd. UBS Group decreased their price objective on 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. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a research report on Monday, June 15th. Finally, Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th.

Insider Buying and Selling

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred 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 filing with the SEC, which is available through this link. 15.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Several institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC lifted its stake in Baldwin Insurance Group by 47.8% during the fourth quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after purchasing an additional 2,439,118 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Baldwin Insurance Group by 11,089.9% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,717,538 shares of the company’s stock valued at $37,683,000 after purchasing an additional 1,702,189 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Baldwin Insurance Group by 36.3% in the first quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock valued at $85,963,000 after purchasing an additional 1,044,200 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Baldwin Insurance Group by 1,376.4% during the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after purchasing an additional 577,345 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in Baldwin Insurance Group during the third quarter worth approximately $14,177,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $26.95 on Tuesday. The firm has a 50 day moving average of $22.40 and a two-hundred day moving average of $22.17. The stock has a market capitalization of $3.84 billion, a PE ratio of -40.22, a P/E/G ratio of 0.98 and a beta of 1.08. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.51. Baldwin Insurance Group has a 52 week low of $15.88 and a 52 week high of $42.34.

Baldwin Insurance Group (NASDAQ:BWIN) last announced 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 during the quarter, compared to analyst estimates of $524.07 million. Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. On average, research analysts predict that Baldwin Insurance Group will post 1.38 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.