Baldwin Insurance Group (NASDAQ:BWIN) Posts Earnings Results, Beats Estimates By $0.02 EPS

Baldwin Insurance Group (NASDAQ:BWIN) announced its quarterly earnings data on Thursday. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02, FiscalAI reports. 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 12.65% and a negative net margin of 1.89%.

Here are the key takeaways from Baldwin Insurance Group’s conference call:

• AI as an enabler — Management argues AI will amplify winners, not replace them, because Baldwin’s embedded distribution and proprietary products (Westwood, Coverage Navigator, MSI) plus early AI integration create a durable moat and have already delivered productivity gains such as digital agents binding policies.
• Profitability expansion — Adjusted EBITDA rose 10% in Q4 to $69.6M and full-year adjusted EBITDA grew 9% to $341.5M, with adjusted diluted EPS up 11% for the year, reflecting margin expansion and operating leverage despite revenue headwinds.
• Revenue headwinds and GAAP loss — Q4 total organic revenue growth was only 3% (core commissions +5%) and the company posted a GAAP net loss of $43.7M, driven by timing-related declines (22% drop in profit-sharing), Medicare disruption, the QBE builder transition, and an IS revenue-recognition procedural change.
• CAC and partnerships / capital actions — Baldwin closed CAC, OBE and Capstone (?$350M pro forma revenue), expects ~ $400M revenue and ~$110M adjusted EBITDA in 2026 post-synergies (targeting $43M cost synergies with ~$25M already actioned), and the board authorized a $250M opportunistic share repurchase program.
• Guidance and balance sheet — 2026 guidance calls for $2.01–$2.05B revenue, adjusted EBITDA $460–$480M and mid-single-digit organic growth that should accelerate to double digits by Q4, while leverage sits at 4.1x after a $600M term loan increase; execution of synergies and market rate/exposure trends will determine actual outcomes.

Baldwin Insurance Group Stock Up 9.1%

Shares of NASDAQ BWIN traded up $1.55 during midday trading on Thursday, hitting $18.49. The stock had a trading volume of 3,666,124 shares, compared to its average volume of 1,497,097. The business’s 50 day moving average is $22.38 and its 200-day moving average is $26.01. Baldwin Insurance Group has a 52 week low of $15.88 and a 52 week high of $47.15. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.45. The company has a market cap of $2.19 billion, a P/E ratio of -43.00, a PEG ratio of 0.61 and a beta of 1.33.

Insider Transactions at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $24.20, for a total value of $2,420,000.00. Following the completion of the sale, the insider directly owned 122,113 shares in the company, valued at approximately $2,955,134.60. This trade represents a 45.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 255,000 shares of company stock valued at $6,119,000. Corporate insiders own 18.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in Baldwin Insurance Group by 0.7% in the 4th quarter. State Street Corp now owns 2,131,619 shares of the company’s stock worth $51,223,000 after buying an additional 14,968 shares during the period. Geode Capital Management LLC lifted its position in shares of Baldwin Insurance Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,738,132 shares of the company’s stock valued at $41,774,000 after acquiring an additional 28,355 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Baldwin Insurance Group by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,142,389 shares of the company’s stock worth $27,457,000 after acquiring an additional 43,563 shares during the period. Bank of America Corp DE boosted its stake in shares of Baldwin Insurance Group by 6.4% in the second quarter. Bank of America Corp DE now owns 686,728 shares of the company’s stock worth $29,399,000 after acquiring an additional 41,303 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Baldwin Insurance Group by 1,376.4% during the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after purchasing an additional 577,345 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BWIN shares. Wells Fargo & Company boosted their price target on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reduced their target price on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Wall Street Zen raised Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Finally, UBS Group reduced their price target 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. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Baldwin Insurance Group has an average rating of “Hold” and an average price target of $33.83.

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.