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

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.00.

A number of brokerages recently commented on BWIN. JPMorgan Chase & Co. decreased their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, January 7th. Wells Fargo & Company reduced their target price on Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. BMO Capital Markets decreased their target price on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, December 4th. Zacks Research cut Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Raymond James Financial upgraded shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $20.00 to $30.00 in a research report on Friday, February 27th.

Baldwin Insurance Group Trading Up 1.5%

BWIN opened at $21.42 on Wednesday. The firm has a 50 day simple moving average of $21.45 and a 200 day simple moving average of $24.81. Baldwin Insurance Group has a fifty-two week low of $15.88 and a fifty-two week high of $47.15. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -43.71, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.16 and a quick ratio of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $347.28 million for the quarter, compared to analysts’ expectations of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. On average, sell-side analysts anticipate that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Activity at Baldwin Insurance Group

In other news, Director Paul Eugene Sparks acquired 15,200 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the transaction, the director directly owned 996,706 shares in the company, valued at approximately $22,027,202.60. This represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $21.25, for a total value of $2,549,723.75. The SEC filing for this sale provides additional information. 20.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Baldwin Insurance Group by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock worth $1,795,000 after purchasing an additional 2,309 shares during the period. Millennium Management LLC increased its stake in Baldwin Insurance Group by 371.9% during the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock worth $11,384,000 after purchasing an additional 200,754 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Baldwin Insurance Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after buying an additional 700 shares during the period. Goldman Sachs Group Inc. raised its holdings in Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after buying an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Baldwin Insurance Group by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock valued at $8,475,000 after buying an additional 11,768 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Baldwin Insurance Group Company Profile

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.