Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $36.57 Consensus PT from Analysts

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $35.7143.

A number of brokerages recently weighed in on BWIN. Jefferies Financial Group restated a “hold” rating and issued a $28.00 price objective on shares of Baldwin Insurance Group in a report on Monday, December 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen lowered Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Wells Fargo & Company upgraded Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price target on the stock in a report on Friday, December 12th.

Baldwin Insurance Group Price Performance

BWIN opened at $26.21 on Friday. The stock’s 50-day moving average price is $25.35 and its 200 day moving average price is $30.43. Baldwin Insurance Group has a 12-month low of $21.26 and a 12-month high of $47.15. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -60.95, a PEG ratio of 0.85 and a beta of 1.38. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $365.39 million during the quarter, compared to the consensus estimate of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.Baldwin Insurance Group’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. As a group, sell-side analysts expect 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, insider James Morgan Roche sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.03, for a total transaction of $1,922,400.00. Following the sale, the insider directly owned 42,113 shares in the company, valued at approximately $1,011,975.39. This represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 255,000 shares of company stock worth $6,119,000 in the last 90 days. 18.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWIN. First Horizon Advisors Inc. increased its position 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 valued at $79,000 after purchasing an additional 419 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Baldwin Insurance Group by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after purchasing an additional 470 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Baldwin Insurance Group by 3.9% in the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock valued at $579,000 after buying an additional 504 shares during the last quarter. Cetera Trust Company N.A raised its stake in Baldwin Insurance Group by 10.1% in the second quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after buying an additional 555 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Baldwin Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock valued at $2,650,000 after buying an additional 555 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.