Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Recommendation of “Hold” by Brokerages

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $38.5714.

Several research firms have recently weighed in on BWIN. BMO Capital Markets reduced their price target on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. decreased their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Wells Fargo & Company lifted their price target on shares of Baldwin Insurance Group from $24.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th.

Baldwin Insurance Group Stock Down 3.3%

Shares of NASDAQ:BWIN opened at $25.05 on Monday. Baldwin Insurance Group has a 52-week low of $21.26 and a 52-week high of $47.75. The company has a market capitalization of $2.97 billion, a PE ratio of -58.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The company has a fifty day moving average of $26.17 and a 200-day moving average of $32.79.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The company had revenue of $365.39 million for the quarter, compared to the consensus estimate of $364.14 million. During the same quarter last year, the business posted $0.33 EPS. Baldwin Insurance Group’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts predict that Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Baldwin Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new stake in Baldwin Insurance Group in the third quarter worth approximately $211,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Baldwin Insurance Group during the 3rd quarter worth approximately $39,000. Dark Forest Capital Management LP bought a new stake in shares of Baldwin Insurance Group in the 3rd quarter valued at $1,468,000. Public Employees Retirement System of Ohio lifted its position in shares of Baldwin Insurance Group by 46.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,630 shares of the company’s stock valued at $2,557,000 after acquiring an additional 28,619 shares during the period. Finally, Numerai GP LLC acquired a new position in shares of Baldwin Insurance Group during the 3rd quarter valued at $410,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.