Baldwin Insurance Group’s (BWIN) Outperform Rating Reiterated at Raymond James Financial

Raymond James Financial restated their outperform rating on shares of Baldwin Insurance Group (NASDAQ:BWIN) in a research report released on Thursday morning, MarketBeat reports. Raymond James Financial currently has a $40.00 price objective on the stock, down from their previous price objective of $48.00.

Several other equities research analysts have also recently issued reports on the company. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Monday, July 7th. BMO Capital Markets cut their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, June 13th. Wells Fargo & Company increased their target price on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group increased their target price on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.43.

Baldwin Insurance Group Price Performance

BWIN stock opened at $32.27 on Thursday. Baldwin Insurance Group has a 52-week low of $28.66 and a 52-week high of $55.82. The stock’s fifty day simple moving average is $39.42 and its 200-day simple moving average is $40.50. The company has a quick ratio of 1.13, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -111.28, a price-to-earnings-growth ratio of 1.33 and a beta of 1.66.

Baldwin Insurance Group (NASDAQ:BWIN) last posted 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. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%. The business had revenue of $378.81 million for the quarter, compared to analysts’ expectations of $375.38 million. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Equities research analysts expect that Baldwin Insurance Group will post 1.01 EPS for the current year.

Insider Buying and Selling

In other Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of the firm’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53. Following the transaction, the insider directly owned 42,113 shares of the company’s stock, valued at $1,687,467.91. This trade represents a 38.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $39.00, for a total value of $2,437,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 430,345 shares of company stock valued at $16,888,679. 18.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV raised its position in Baldwin Insurance Group by 12.1% in 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. First Horizon Advisors Inc. increased its position in shares of Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after acquiring an additional 419 shares during the last quarter. US Bancorp DE increased its position in shares of Baldwin Insurance Group by 6.5% during the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock worth $328,000 after acquiring an additional 450 shares during the last quarter. Teacher Retirement System of Texas increased its position 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 acquiring an additional 470 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Baldwin Insurance Group by 3.9% during the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after acquiring an additional 504 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

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.