Keefe, Bruyette & Woods Has Lowered Expectations for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective reduced by analysts at Keefe, Bruyette & Woods from $50.00 to $49.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 37.45% from the company’s current price.

A number of other brokerages have also weighed in on BWIN. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $41.00 price objective (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Finally, William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

The Baldwin Insurance Group Stock Performance

The Baldwin Insurance Group stock traded down $0.79 during mid-day trading on Friday, reaching $35.65. 130,508 shares of the company’s stock were exchanged, compared to its average volume of 477,784. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The business’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $44.26. The Baldwin Insurance Group has a one year low of $21.70 and a one year high of $55.82. The firm has a market capitalization of $4.19 billion, a PE ratio of -55.70, a P/E/G ratio of 1.27 and a beta of 1.64.

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

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the sale, the insider now owns 232,570 shares of the company’s stock, valued at $10,507,512.60. This represents a 45.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Peapack Gladstone Financial Corp bought a new stake in shares of The Baldwin Insurance Group during the 3rd quarter valued at $263,000. Diversified Trust Co bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth about $788,000. Confluence Investment Management LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $16,747,000. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group in the third quarter worth about $29,447,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Hedge funds and other institutional investors own 77.49% 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.