Baldwin Insurance Group (NASDAQ:BWIN) Upgraded to “Hold” at Wall Street Zen

Baldwin Insurance Group (NASDAQ:BWIN) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently commented on BWIN. Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. BMO Capital Markets dropped their price objective on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, December 4th. UBS Group reduced their target price on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Jefferies Financial Group reiterated a “hold” rating and set a $28.00 target price on shares of Baldwin Insurance Group in a report on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Baldwin Insurance Group currently has a consensus rating of “Hold” and an average target price of $33.83.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $19.57 on Friday. The stock has a fifty day moving average price of $24.30 and a 200 day moving average price of $27.88. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $2.32 billion, a PE ratio of -45.51, a P/E/G ratio of 0.69 and a beta of 1.33. Baldwin Insurance Group has a 1 year low of $18.63 and a 1 year high of $47.15.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $365.39 million for the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.Baldwin Insurance Group’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Sell-side analysts forecast that Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James Morgan Roche sold 80,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.03, for a total value of $1,922,400.00. Following the completion of the transaction, the insider directly owned 42,113 shares in the company, valued at approximately $1,011,975.39. This represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 255,000 shares of company stock worth $6,119,000 in the last 90 days. 18.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. MTM Investment Management LLC acquired a new stake in shares of Baldwin Insurance Group in the second quarter worth approximately $30,000. Larson Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 1,053 shares during the last quarter. Dorato Capital Management purchased a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $35,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Baldwin Insurance Group during the 2nd quarter worth $58,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Baldwin Insurance Group in the 3rd quarter worth $39,000. 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.