The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $46.83.

Several equities analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and set a $41.00 price objective (down from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.14% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

An institutional investor recently bought a new position in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC acquired a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned about 0.50% of The Baldwin Insurance Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Up 0.7 %

The Baldwin Insurance Group stock opened at $39.75 on Monday. The Baldwin Insurance Group has a 52 week low of $21.70 and a 52 week high of $55.82. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of -62.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The business’s 50-day moving average price is $46.89 and its 200 day moving average price is $43.97. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. During the same quarter in the prior year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Baldwin Insurance Group will post 1.01 earnings per share for the current year.

The 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.