Baldwin Insurance Group (NASDAQ:BWIN) Given New $40.00 Price Target at UBS Group

Baldwin Insurance Group (NASDAQ:BWIN) had its target price decreased by UBS Group from $44.00 to $40.00 in a research note released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts have also commented on the company. JPMorgan Chase & Co. cut their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Wells Fargo & Company lowered their price target on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Raymond James Financial upgraded shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $28.00 price objective on shares of Baldwin Insurance Group in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.00.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $20.01 on Monday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -40.84, a PEG ratio of 0.76 and a beta of 1.30. Baldwin Insurance Group has a twelve month low of $15.88 and a twelve month high of $47.15. The stock has a fifty day simple moving average of $21.88 and a 200 day simple moving average of $25.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The firm had revenue of $347.28 million for the quarter, compared to the consensus estimate of $351.75 million. During the same period in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts expect that Baldwin Insurance Group will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Eugene Sparks acquired 29,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $22.96 per share, with a total value of $665,840.00. Following the purchase, the director directly owned 981,506 shares in the company, valued at $22,535,377.76. This represents a 3.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 359,987 shares of company stock worth $8,292,524. Corporate insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of BWIN. Larson Financial Group LLC boosted its position in shares of Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after purchasing an additional 1,053 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Baldwin Insurance Group in the 2nd quarter valued at about $30,000. Dorato Capital Management bought a new stake in Baldwin Insurance Group in the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd acquired a new position in Baldwin Insurance Group during the 3rd quarter worth approximately $39,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Baldwin Insurance Group during the 4th quarter worth approximately $46,000. 77.49% of the stock is owned by institutional investors.

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.