Baldwin Insurance Group (NASDAQ:BWIN) Given New $26.00 Price Target at Keefe, Bruyette & Woods

Baldwin Insurance Group (NASDAQ:BWIN) had its price target cut by Keefe, Bruyette & Woods from $29.00 to $26.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently weighed in on BWIN. Wells Fargo & Company cut their price objective 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. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $20.00 to $30.00 in a report on Friday, February 27th. TD Cowen initiated coverage on Baldwin Insurance Group in a report on Wednesday, February 25th. They set a “buy” rating on the stock. UBS Group cut their price objective on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Baldwin Insurance Group currently has an average rating of “Hold” and a consensus target price of $29.43.

Baldwin Insurance Group Price Performance

Baldwin Insurance Group stock opened at $21.51 on Tuesday. The firm has a market capitalization of $3.07 billion, a P/E ratio of -43.90, a PEG ratio of 0.84 and a beta of 1.30. Baldwin Insurance Group has a 1 year low of $15.88 and a 1 year high of $45.16. The business has a 50-day moving average of $20.20 and a 200-day moving average of $23.82. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $347.28 million during the quarter, compared to analyst estimates 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 for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. On average, equities analysts anticipate that Baldwin Insurance Group will post 1.01 EPS for the current year.

Insider Transactions at Baldwin Insurance Group

In other news, Director Paul Eugene Sparks bought 29,000 shares of the stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $22.96 per share, for a total transaction of $665,840.00. Following the acquisition, the director owned 981,506 shares in the company, valued at approximately $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the business’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 value of $2,549,723.75. The disclosure for this sale is available in the SEC filing. 18.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Institutional investors have recently bought and sold shares of the company. Fenimore Asset Management Inc lifted its stake in Baldwin Insurance Group by 44.3% in the 3rd quarter. Fenimore Asset Management Inc now owns 507,057 shares of the company’s stock valued at $14,304,000 after acquiring an additional 155,654 shares in the last quarter. Capital World Investors lifted its stake in Baldwin Insurance Group by 24.8% in the 3rd quarter. Capital World Investors now owns 1,259,949 shares of the company’s stock valued at $35,543,000 after acquiring an additional 250,000 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Baldwin Insurance Group by 8.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after acquiring an additional 142,506 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Baldwin Insurance Group by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company’s stock valued at $42,713,000 after acquiring an additional 158,199 shares in the last quarter. Finally, Aristotle Capital Boston LLC lifted its stake in Baldwin Insurance Group by 53.6% in the 3rd quarter. Aristotle Capital Boston LLC now owns 655,965 shares of the company’s stock valued at $18,505,000 after acquiring an additional 228,940 shares in the last quarter. Institutional investors 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.