Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $29.29 Consensus PT from Brokerages

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.1250.

Several research firms have issued reports on BWIN. Wells Fargo & Company increased their target price on Baldwin Insurance Group from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Keefe, Bruyette & Woods dropped their target price on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. Finally, Zacks Research downgraded Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 119,987 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Eugene Sparks acquired 15,200 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the transaction, the director directly owned 996,706 shares of the company’s stock, valued at $22,027,202.60. This represents a 1.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Preservation Advisors LLC purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $46,000. XTX Topco Ltd purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $580,000. VARCOV Co. purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $517,000. Twinbeech Capital LP purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $908,000. Finally, Aristotle Capital Boston LLC raised its position in shares of Baldwin Insurance Group by 12.5% in the fourth quarter. Aristotle Capital Boston LLC now owns 738,160 shares of the company’s stock worth $17,738,000 after buying an additional 82,195 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN opened at $24.03 on Friday. The stock has a fifty day simple moving average of $20.39 and a two-hundred day simple moving average of $23.56. Baldwin Insurance Group has a 1-year low of $15.88 and a 1-year high of $45.16. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -49.04, a price-to-earnings-growth ratio of 0.88 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $347.28 million for the quarter, compared to the consensus estimate of $351.75 million. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. Analysts anticipate that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

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.