Baldwin Insurance Group (NASDAQ:BWIN) Price Target Raised to $28.00 at Wells Fargo & Company

Baldwin Insurance Group (NASDAQ:BWIN) had its price objective boosted by investment analysts at Wells Fargo & Company from $27.00 to $28.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 5.82% from the company’s current price.

BWIN has been the topic of several other research reports. Bank of America lowered their price objective on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. BMO Capital Markets increased their target price on shares of Baldwin Insurance Group from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Keefe, Bruyette & Woods raised their price target on shares of Baldwin Insurance Group from $26.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised shares of Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Baldwin Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $30.11.

Baldwin Insurance Group Trading Up 7.2%

Shares of Baldwin Insurance Group stock opened at $29.73 on Monday. The firm has a market cap of $4.24 billion, a PE ratio of -28.05, a P/E/G ratio of 1.00 and a beta of 1.08. Baldwin Insurance Group has a 1 year low of $15.88 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average price of $23.63 and a 200-day moving average price of $22.30.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $492.94 million for the quarter, compared to the consensus estimate of $492.33 million. Baldwin Insurance Group had a negative net margin of 4.67% and a positive return on equity of 12.67%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. Equities research analysts anticipate that Baldwin Insurance Group will post 1.38 EPS for the current year.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in shares of Baldwin Insurance Group by 43.3% during the second quarter. Versant Capital Management Inc now owns 1,201 shares of the company’s stock valued at $32,000 after buying an additional 363 shares during the period. Bank of America Corp DE boosted its position in shares of Baldwin Insurance Group by 51.9% in the first quarter. Bank of America Corp DE now owns 848,407 shares of the company’s stock valued at $18,614,000 after acquiring an additional 289,879 shares during the period. Janus Henderson Group PLC grew its stake in Baldwin Insurance Group by 12.6% during the first quarter. Janus Henderson Group PLC now owns 881,885 shares of the company’s stock valued at $19,348,000 after acquiring an additional 98,600 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Baldwin Insurance Group by 238.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company’s stock valued at $28,000 after acquiring an additional 900 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Baldwin Insurance Group by 43.7% during the 1st quarter. California State Teachers Retirement System now owns 97,862 shares of the company’s stock worth $2,147,000 after acquiring an additional 29,741 shares during the period. Hedge funds and other institutional investors 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.