Baldwin Insurance Group (NASDAQ:BWIN) Upgraded by Wall Street Zen to Hold Rating

Baldwin Insurance Group (NASDAQ:BWIN) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research analysts also recently commented on BWIN. Zacks Research raised shares of Baldwin Insurance Group to a “strong sell” rating in a research report on Tuesday, August 12th. BMO Capital Markets lowered their price target on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, June 13th. Raymond James Financial restated an “outperform” rating and issued a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an “underweight” rating in a report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.67.

Baldwin Insurance Group Trading Up 0.1%

NASDAQ BWIN opened at $31.09 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of -107.21, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The company’s 50-day simple moving average is $35.46 and its two-hundred day simple moving average is $39.00. Baldwin Insurance Group has a one year low of $28.66 and a one year high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $378.81 million for the quarter, compared to the consensus estimate of $375.38 million. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Equities analysts forecast that Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, CFO Bradford Hale purchased 10,000 shares of Baldwin Insurance Group stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $28.72 per share, with a total value of $287,200.00. Following the transaction, the chief financial officer owned 144,659 shares of the company’s stock, valued at $4,154,606.48. This represents a 7.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.51% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several institutional investors have recently made changes to their positions in the company. KBC Group NV increased its holdings in shares of Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock valued at $164,000 after purchasing an additional 396 shares in the last quarter. First Horizon Advisors Inc. grew its stake in 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 acquiring an additional 419 shares during the period. US Bancorp DE grew its stake in Baldwin Insurance Group by 6.5% in the 1st quarter. US Bancorp DE now owns 7,337 shares of the company’s stock valued at $328,000 after acquiring an additional 450 shares during the period. Teacher Retirement System of Texas grew its stake in Baldwin Insurance Group by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock valued at $443,000 after acquiring an additional 470 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Baldwin Insurance Group by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock valued at $579,000 after acquiring an additional 504 shares during the period. 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.