Wells Fargo & Company Issues Positive Forecast for Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

Baldwin Insurance Group (NASDAQ:BWIN) had its price target increased by Wells Fargo & Company from $25.00 to $27.00 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also recently issued reports on the company. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Wall Street Zen downgraded Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. BMO Capital Markets cut their price objective on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.83.

Baldwin Insurance Group Trading Down 1.3%

Shares of NASDAQ:BWIN opened at $25.48 on Tuesday. Baldwin Insurance Group has a 52 week low of $21.26 and a 52 week high of $47.15. The company’s 50 day moving average is $25.55 and its two-hundred day moving average is $29.90. The company has a market cap of $3.02 billion, a PE ratio of -59.25, a P/E/G ratio of 0.91 and a beta of 1.38. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45.

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

Insider Buying and Selling

In other news, insider James Morgan Roche sold 100,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00. Following the completion of the sale, the insider directly owned 122,113 shares of the company’s stock, valued at approximately $2,955,134.60. This represents a 45.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 255,000 shares of company stock valued at $6,119,000 in the last quarter. Insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several institutional investors have recently added to or reduced their stakes in the stock. MTM Investment Management LLC purchased a new stake in Baldwin Insurance Group during the 2nd quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Baldwin Insurance Group during the second quarter worth approximately $58,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Baldwin Insurance Group during the third quarter worth $39,000. Strs Ohio purchased a new position in Baldwin Insurance Group in the 1st quarter valued at $72,000. Finally, First Horizon Advisors Inc. grew its position 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 buying an additional 419 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.