JPMorgan Chase & Co. Has Lowered Expectations for Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

Baldwin Insurance Group (NASDAQ:BWIN) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $28.00 to $25.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 16.88% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Company increased their price target on Baldwin Insurance Group from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday. Wall Street Zen raised Baldwin Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group cut their price target on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, March 9th. Keefe, Bruyette & Woods cut their price target on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, TD Cowen started coverage on Baldwin Insurance Group in a report on Wednesday, February 25th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned 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, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $29.29.

Baldwin Insurance Group Stock Down 2.5%

Baldwin Insurance Group stock opened at $21.39 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50-day simple moving average is $20.18 and its two-hundred day simple moving average is $23.73. The company has a market cap of $3.06 billion, a PE ratio of -43.65, a PEG ratio of 0.84 and a beta of 1.30. Baldwin Insurance Group has a fifty-two week low of $15.88 and a fifty-two week high of $45.16.

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

Insiders Place Their Bets

In related news, major shareholder Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Eugene Sparks bought 29,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director owned 981,506 shares of the company’s stock, valued at $22,535,377.76. This trade represents a 3.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 18.51% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its position in Baldwin Insurance Group by 666.5% in the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after acquiring an additional 1,053 shares during the period. Dorato Capital Management acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Baldwin Insurance Group in the 3rd quarter worth approximately $39,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Baldwin Insurance Group in the 4th quarter worth approximately $46,000. Finally, AlphaQuest LLC grew its holdings in Baldwin Insurance Group by 249.2% during the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after buying an additional 1,393 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.