JPMorgan Chase & Co. Raises The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $54.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price raised by equities researchers at JPMorgan Chase & Co. from $45.00 to $54.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.61% from the stock’s previous close.

BWIN has been the topic of several other reports. Keefe, Bruyette & Woods raised their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday. UBS Group lifted their target price on 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. Finally, Wells Fargo & Company lifted their target price on The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.67.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN opened at $51.62 on Thursday. The firm has a 50-day moving average of $46.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. 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 capitalization of $6.07 billion, a price-to-earnings ratio of -56.11, a PEG ratio of 1.39 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data 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 positive return on equity of 10.46% and a negative net margin of 3.67%. The company had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. During the same period last year, the company posted $0.03 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. Equities analysts anticipate that The Baldwin Insurance Group will post 1.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $46.74, for a total value of $2,337,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Daniel Galbraith sold 75,000 shares of The Baldwin Insurance Group stock in a transaction dated 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 transaction, the insider now directly owns 6,285 shares in the company, valued at approximately $291,184.05. This trade 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 accessible through this link. Also, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $46.74, for a total value of $2,337,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 508,616 shares of company stock worth $21,947,676. Corporate insiders own 20.14% of the company’s stock.

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.