Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $37.67 Consensus Target Price from Brokerages

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $37.6667.

BWIN has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company cut their price objective on shares of Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $33.00 price objective (down from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th.

Baldwin Insurance Group Stock Up 3.2%

Shares of NASDAQ:BWIN opened at $23.53 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -81.14, a PEG ratio of 1.11 and a beta of 1.39. Baldwin Insurance Group has a 12 month low of $22.44 and a 12 month high of $53.48. The company has a 50-day moving average price of $30.01 and a 200 day moving average price of $36.34.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities research analysts predict that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Activity at Baldwin Insurance Group

In related news, CFO Bradford Hale acquired 10,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was acquired at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the purchase, the chief financial officer owned 144,659 shares of the company’s stock, valued at approximately $4,154,606.48. This represents a 7.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its position in Baldwin Insurance Group by 561.6% during the first quarter. American Century Companies Inc. now owns 451,360 shares of the company’s stock valued at $20,171,000 after purchasing an additional 383,137 shares during the period. KBC Group NV lifted its position in Baldwin Insurance Group by 12.1% during the first quarter. KBC Group NV now owns 3,675 shares of the company’s stock valued at $164,000 after purchasing an additional 396 shares during the period. HighTower Advisors LLC acquired a new position in Baldwin Insurance Group during the first quarter valued at $1,860,000. Teacher Retirement System of Texas acquired a new position in Baldwin Insurance Group during the first quarter valued at $441,000. Finally, Bessemer Group Inc. lifted its position in Baldwin Insurance Group by 36.4% during the first quarter. Bessemer Group Inc. now owns 43,065 shares of the company’s stock valued at $1,924,000 after purchasing an additional 11,485 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.