Wells Fargo & Company Increases The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $46.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective raised by Wells Fargo & Company from $39.00 to $46.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 10.89% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, UBS Group upped their price objective on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, The Baldwin Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $47.67.

The Baldwin Insurance Group Stock Up 0.2 %

The Baldwin Insurance Group stock opened at $51.62 on Thursday. The firm’s fifty day moving average is $46.35. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group has a 12 month low of $17.33 and a 12 month high of $52.83. The stock has a market cap of $6.07 billion, a PE ratio of -56.11, a P/E/G ratio of 1.39 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The business had revenue of $339.80 million for the quarter, compared to analysts’ expectations of $334.95 million. During the same period in the previous year, the company posted $0.03 EPS. The Baldwin Insurance Group’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts expect that The Baldwin Insurance Group will post 1.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 50,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $46.74, for a total transaction of $2,337,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 50,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $46.74, for a total transaction of $2,337,000.00. 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 36,684 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 396,815 shares of the company’s stock, valued at approximately $16,650,357.40. This 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.