Baldwin Insurance Group (NASDAQ:BWIN) Sets New 12-Month Low – Here’s Why

Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $22.60 and last traded at $22.80, with a volume of 1056056 shares. The stock had previously closed at $23.13.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 target price (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Wells Fargo & Company lowered their price target on shares of Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating for the company in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.67.

Baldwin Insurance Group Price Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -78.62, a PEG ratio of 1.13 and a beta of 1.39. The business’s fifty day simple moving average is $30.20 and its 200 day simple moving average is $36.43.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company had revenue of $378.81 million for the quarter, compared to analysts’ expectations of $375.38 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue was up 11.5% on a year-over-year basis. On average, research analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Insider Activity at Baldwin Insurance Group

In other news, CFO Bradford Hale acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the acquisition, the chief financial officer directly owned 144,659 shares in the company, valued at $4,154,606.48. The trade was a 7.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 18.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Baldwin Insurance Group

Hedge funds have recently bought and sold shares of the business. Champlain Investment Partners LLC raised its holdings in Baldwin Insurance Group by 23.0% during the second quarter. Champlain Investment Partners LLC now owns 3,256,446 shares of the company’s stock worth $139,408,000 after buying an additional 609,171 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Baldwin Insurance Group by 62.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company’s stock valued at $144,462,000 after buying an additional 1,238,650 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Baldwin Insurance Group by 8.0% during the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock worth $82,218,000 after acquiring an additional 142,506 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Baldwin Insurance Group by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company’s stock worth $72,604,000 after acquiring an additional 79,869 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Baldwin Insurance Group by 13.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,225,948 shares of the company’s stock worth $52,483,000 after acquiring an additional 149,101 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.