The Baldwin Insurance Group (NASDAQ:BWIN) Hits New 1-Year High on Analyst Upgrade

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares reached a new 52-week high on Monday after Keefe, Bruyette & Woods raised their price target on the stock from $34.00 to $40.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. The Baldwin Insurance Group traded as high as $36.26 and last traded at $36.26, with a volume of 260923 shares trading hands. The stock had previously closed at $35.47.

Separately, Raymond James restated a “strong-buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, May 22nd.

Insider Activity

In related news, Director Lowry Baldwin sold 125,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $34.10, for a total transaction of $4,262,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Stock Up 2.3 %

The firm has a market capitalization of $4.27 billion, a P/E ratio of -39.45, a P/E/G ratio of 0.95 and a beta of 1.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.38 by $0.11. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. The company had revenue of $380.37 million during the quarter, compared to analyst estimates of $375.30 million. As a group, research analysts forecast that The Baldwin Insurance Group, Inc. will post 1.1 earnings per share for the current year.

The Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.