The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $46.83 Consensus PT from Analysts

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.83.

BWIN has been the subject of several research reports. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Jefferies Financial Group upped their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company reissued an “underweight” rating and issued a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price objective on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th.

Insider Activity

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $45.18, for a total value of $8,643,250.26. Following the sale, the insider now owns 232,570 shares in the company, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

An institutional investor recently bought a new position in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC acquired a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned approximately 0.50% of The Baldwin Insurance Group as of its most recent SEC filing. 77.49% of the stock is currently owned by institutional investors and hedge funds.

The Baldwin Insurance Group Stock Performance

BWIN stock opened at $39.27 on Monday. The Baldwin Insurance Group has a 1-year low of $21.70 and a 1-year high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap of $4.62 billion, a PE ratio of -61.36, a P/E/G ratio of 1.27 and a beta of 1.58. The business’s 50-day moving average price is $46.36 and its two-hundred day moving average price is $44.04.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. As a group, research analysts forecast that The Baldwin Insurance Group will post 1.01 earnings per share for the current year.

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.