Baldwin Insurance Group (NASDAQ:BWIN) vs. Voya Financial (NYSE:VOYA) Financial Review

Voya Financial (NYSE:VOYA) and Baldwin Insurance Group (NASDAQ:BWIN) are both mid-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, valuation, dividends, profitability, analyst recommendations, institutional ownership and risk.

Valuation and Earnings

This table compares Voya Financial and Baldwin Insurance Group”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Voya Financial	$8.05 billion	0.91	$667.00 million	$5.00	15.24
Baldwin Insurance Group	$1.44 billion	2.45	-$24.52 million	($0.29)	-102.86

Voya Financial has higher revenue and earnings than Baldwin Insurance Group. Baldwin Insurance Group is trading at a lower price-to-earnings ratio than Voya Financial, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Voya Financial and Baldwin Insurance Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Voya Financial	6.73%	13.72%	0.51%
Baldwin Insurance Group	-1.22%	13.24%	3.82%

Analyst Ratings

This is a breakdown of current ratings for Voya Financial and Baldwin Insurance Group, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Voya Financial	1	3	6	0	2.50
Baldwin Insurance Group	2	2	4	0	2.25

Voya Financial presently has a consensus price target of $83.70, suggesting a potential upside of 9.87%. Baldwin Insurance Group has a consensus price target of $43.67, suggesting a potential upside of 46.39%. Given Baldwin Insurance Group’s higher probable upside, analysts clearly believe Baldwin Insurance Group is more favorable than Voya Financial.

Risk and Volatility

Voya Financial has a beta of 1, meaning that its share price has a similar volatility profile to the S&P 500.Comparatively, Baldwin Insurance Group has a beta of 1.43, meaning that its share price is 43% more volatile than the S&P 500.

Insider & Institutional Ownership

96.1% of Voya Financial shares are owned by institutional investors. Comparatively, 77.5% of Baldwin Insurance Group shares are owned by institutional investors. 1.4% of Voya Financial shares are owned by insiders. Comparatively, 20.1% of Baldwin Insurance Group shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Summary

Voya Financial beats Baldwin Insurance Group on 9 of the 14 factors compared between the two stocks.

About Voya Financial

Voya Financial, Inc. engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees. The segment also provides wealth management services, such as individual retirement, managed, and brokerage accounts, as well as financial guidance and advisory services. This segment serves corporate, public and private school systems, higher education institutions, hospitals and healthcare facilities, other non-profit organizations, and state and local governments, as well as institutional and individual customers. The Health Solutions segment offers various insurance products comprising stop loss, group life, group disability, whole life, critical illness, accident, and hospital indemnity insurance. The segment also provides worksite employee benefits, health account solutions, leave management, benefits administration, health plan enrollment, financial wellness, and decision support products and services to mid-size and large corporate employers and professional associations. The Investment Management segment provides fixed income, equity, multi-asset, and alternative products and solutions to individual investors and institutional clients through its direct sales force, consultant channel, banks, broker-dealers, and independent financial advisers. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. in April 2014. Voya Financial, Inc. was founded in 1975 and is based in New York, New York.

About Baldwin Insurance Group

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. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families. The Underwriting, Capacity & Technology Solutions segment offers Future platform, that manufactures technology-enabled insurance products suite comprises personal, commercial, and specialty lines; specialty wholesale broker business that delivers professionals, individuals, and niche industry businesses; and reinsurance brokerage services. The Mainstreet Insurance Solutions segment provides personal insurance, commercial insurance, and life and health solutions to individuals and businesses in communities. The company was formerly known as BRP Group, Inc. and changed its name to The Baldwin Insurance Group, Inc. in May 2024. The Baldwin Insurance Group, Inc. was founded in 2011 and is headquartered in Tampa, Florida.