Brokerages Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Target Price at $30.00

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $30.00.

A number of equities research analysts have commented on BWIN shares. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $20.00 to $30.00 in a report on Friday, February 27th. Wells Fargo & Company cut their target price on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. UBS Group cut their price objective on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Finally, Jefferies Financial Group restated a “hold” rating and set a $28.00 target price on shares of Baldwin Insurance Group in a research report on Monday, December 15th.

Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $22.09 on Wednesday. Baldwin Insurance Group has a 12-month low of $15.88 and a 12-month high of $47.15. The stock has a market cap of $3.16 billion, a P/E ratio of -45.08, a PEG ratio of 0.84 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. The company has a 50-day moving average of $21.05 and a two-hundred day moving average of $24.47.

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

Insiders Place Their Bets

In other news, 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 transaction of $2,549,723.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul Eugene Sparks acquired 29,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of $22.96 per share, for a total transaction of $665,840.00. Following the acquisition, the director directly owned 981,506 shares of the company’s stock, valued at approximately $22,535,377.76. The trade was a 3.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Institutional investors have recently bought and sold shares of the stock. 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. MTM Investment Management LLC acquired a new stake in shares of Baldwin Insurance Group during the 2nd quarter worth $30,000. Dorato Capital Management purchased a new position in shares of Baldwin Insurance Group in the 4th quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Baldwin Insurance Group in the 3rd quarter worth $39,000. Finally, Wealth Preservation Advisors LLC acquired a new position in Baldwin Insurance Group in the fourth quarter valued at $46,000. 77.49% of the stock is currently owned by hedge funds and other 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.