The Baldwin Insurance Group (NASDAQ:BWIN) PT Raised to $46.00 at Jefferies Financial Group

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target increased by equities researchers at Jefferies Financial Group from $38.00 to $46.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 10.89% from the stock’s current price.

Several other equities analysts have also recently commented on BWIN. Keefe, Bruyette & Woods increased their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Wells Fargo & Company boosted their target price on shares of 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. Finally, UBS Group increased their price target on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.00.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock traded up $1.04 on Wednesday, hitting $51.62. The stock had a trading volume of 215,008 shares, compared to its average volume of 417,427. The Baldwin Insurance Group has a 52-week low of $17.33 and a 52-week high of $52.04. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of -56.11, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $46.02.

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 10.46% and a negative net margin of 3.67%. The company had revenue of $339.80 million during the quarter, compared to the consensus estimate of $334.95 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. Equities analysts expect that The Baldwin Insurance Group will post 1.11 earnings per share for the current year.

Insider Activity at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 2,547 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $41.45, for a total value of $105,573.15. Following the sale, the insider now owns 245,817 shares of the company’s stock, valued at approximately $10,189,114.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Daniel Galbraith sold 75,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $46.33, for a total value of $3,474,750.00. Following the completion of the sale, the insider now owns 6,285 shares in the company, valued at $291,184.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Morgan Roche sold 2,547 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total value of $105,573.15. Following the transaction, the insider now directly owns 245,817 shares in the company, valued at approximately $10,189,114.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 508,616 shares of company stock valued at $21,947,676 in the last quarter. Insiders own 20.14% of the company’s stock.

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.