The Baldwin Insurance Group (NASDAQ:BWIN) Sets New 12-Month High at $46.76

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) hit a new 52-week high on Thursday . The stock traded as high as $46.76 and last traded at $46.15, with a volume of 7213 shares. The stock had previously closed at $46.40.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James reaffirmed a “strong-buy” rating and issued a $45.00 target price (up from $40.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, May 22nd. Wells Fargo & Company upped their target price on The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. UBS Group upped their price target on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upped their price target on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of “Buy” and an average price target of $43.60.

The Baldwin Insurance Group Stock Performance

The company has a market cap of $5.51 billion, a P/E ratio of -50.97, a P/E/G ratio of 1.18 and a beta of 1.58. The company has a 50 day moving average price of $40.60. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The firm had revenue of $339.80 million during the quarter, compared to the consensus estimate of $334.95 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts forecast that The Baldwin Insurance Group, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 36,684 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the completion of the sale, the insider now owns 396,815 shares in the company, valued at approximately $16,650,357.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider James Morgan Roche sold 36,684 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the completion of the sale, the insider now owns 396,815 shares in the company, valued at approximately $16,650,357.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bradford Hale sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the sale, the chief financial officer now owns 98,131 shares of the company’s stock, valued at approximately $4,071,455.19. The disclosure for this sale can be found here. Insiders sold a total of 508,616 shares of company stock worth $21,947,676 in the last 90 days. 20.14% of the stock is owned by company insiders.

About The Baldwin Insurance Group

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.