The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $46.83 Average Target Price from Analysts

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

BWIN has been the topic of a number of recent research reports. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company reaffirmed an “underweight” rating and set 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, Jefferies Financial Group boosted 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 research note on Wednesday, October 9th.

The Baldwin Insurance Group Trading Down 2.0 %

Shares of The Baldwin Insurance Group stock opened at $38.84 on Monday. The firm has a market capitalization of $4.57 billion, a PE ratio of -60.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. 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’s 50 day moving average is $45.45 and its 200 day moving average is $44.14. The Baldwin Insurance Group has a 1 year low of $21.70 and a 1 year high of $55.82.

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

Insider Buying and Selling

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.14% of the stock is owned by insiders.

Hedge Funds 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 bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.

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.