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

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $28.8889.

A number of brokerages have weighed in on BWIN. Bank of America decreased their target price on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets boosted their target price on Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Tuesday. Raymond James Financial raised Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at this hyperlink. 18.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC increased 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 purchasing an additional 1,053 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 valued at $28,000 after purchasing an additional 900 shares during the last quarter. Dorato Capital Management purchased a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Baldwin Insurance Group during the 3rd quarter valued at about $39,000. Finally, Strs Ohio purchased a new stake in shares of Baldwin Insurance Group during the 1st quarter valued at about $72,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $24.01 on Friday. 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 simple moving average of $21.19 and a two-hundred day simple moving average of $21.81. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -35.84, a price-to-earnings-growth ratio of 0.88 and a beta of 1.16.

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

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.