Analysts Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Price Target at $43.67

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $43.6667.

BWIN has been the topic of several recent analyst reports. Zacks Research upgraded Baldwin Insurance Group to a “strong sell” rating in a research report on Tuesday, August 12th. Raymond James Financial reissued an “outperform” rating and issued a $40.00 target price (down from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. BMO Capital Markets dropped their price target on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, June 13th. Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Wells Fargo & Company upped their price objective on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, July 10th.

Baldwin Insurance Group Stock Up 1.1%

Shares of NASDAQ BWIN opened at $28.21 on Wednesday. The firm has a market cap of $3.35 billion, a P/E ratio of -97.28, a price-to-earnings-growth ratio of 1.25 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. Baldwin Insurance Group has a 1 year low of $27.53 and a 1 year high of $55.82. The firm’s 50 day moving average price is $32.77 and its 200 day moving average price is $38.16.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The company had revenue of $378.81 million for the quarter, compared to analyst estimates of $375.38 million. During the same quarter in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Baldwin Insurance Group

In related news, CFO Bradford Hale acquired 10,000 shares of Baldwin Insurance Group stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the purchase, the chief financial officer directly owned 144,659 shares in the company, valued at $4,154,606.48. This trade represents a 7.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of institutional investors have recently made changes to their positions in BWIN. MTM Investment Management LLC bought a new stake in shares of Baldwin Insurance Group in the 2nd quarter worth about $30,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Baldwin Insurance Group during the 2nd quarter valued at $58,000. Strs Ohio bought a new stake in shares of Baldwin Insurance Group during the 1st quarter worth $72,000. First Horizon Advisors Inc. grew its holdings in shares of Baldwin Insurance Group by 29.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after acquiring an additional 419 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Baldwin Insurance Group during the fourth quarter valued at approximately $82,000. 77.49% of the stock is owned by institutional investors and hedge funds.

About 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.