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

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have received an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $36.5714.

BWIN has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. UBS Group dropped their target price on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company raised shares of Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price objective for the company in a research report on Friday, December 12th.

Insider Activity at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 100,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the sale, the insider directly owned 122,113 shares in the company, valued at approximately $2,955,134.60. This represents a 45.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 255,000 shares of company stock worth $6,119,000 over the last three months. 18.51% of the stock is currently owned by corporate insiders.

Institutional Trading of Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BWIN. MTM Investment Management LLC acquired a new position in shares of Baldwin Insurance Group in the 2nd quarter worth $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Baldwin Insurance Group in the 3rd quarter valued at $39,000. AlphaQuest LLC boosted its position in shares of Baldwin Insurance Group by 249.2% in the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after purchasing an additional 1,393 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Baldwin Insurance Group in the 2nd quarter worth about $58,000. Finally, Strs Ohio acquired a new stake in Baldwin Insurance Group during the 1st quarter worth about $72,000. 77.49% of the stock is currently owned by institutional investors.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $24.03 on Friday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -55.88, a PEG ratio of 1.13 and a beta of 1.38. Baldwin Insurance Group has a one year low of $21.26 and a one year high of $47.15. The company’s 50-day simple moving average is $25.16 and its 200-day simple moving average is $30.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15.

Baldwin Insurance Group (NASDAQ:BWIN) last announced 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 firm had revenue of $365.39 million during the quarter, compared to analyst estimates of $364.14 million. During the same period in the previous year, the company earned $0.33 earnings per share. Baldwin Insurance Group’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.