Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $30.25 Consensus Price Target from Brokerages

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned an average rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.25.

Several research analysts have weighed in on BWIN shares. UBS Group dropped their price target on Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Wells Fargo & Company upped their price target on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Zacks Research downgraded Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Keefe, Bruyette & Woods dropped their price target on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $20.16 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. Baldwin Insurance Group has a 1-year low of $15.88 and a 1-year high of $45.16. The company has a market capitalization of $2.87 billion, a P/E ratio of -30.09, a P/E/G ratio of 0.78 and a beta of 1.23. The firm’s 50 day simple moving average is $22.28 and its two-hundred day simple moving average is $23.14.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. Research analysts expect that Baldwin Insurance Group will post 1.27 EPS for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Eugene Sparks bought 29,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were purchased at an average price of $22.96 per share, with a total value of $665,840.00. Following the completion of the transaction, the director directly owned 981,506 shares in the company, valued at approximately $22,535,377.76. The trade was a 3.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 321,987 shares of company stock valued at $6,831,404 over the last 90 days. 20.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BWIN. William Blair Investment Management LLC boosted its position in shares of Baldwin Insurance Group by 47.8% during the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock valued at $181,278,000 after acquiring an additional 2,439,118 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Baldwin Insurance Group by 11,089.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,717,538 shares of the company’s stock valued at $37,683,000 after acquiring an additional 1,702,189 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Baldwin Insurance Group by 36.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock valued at $85,963,000 after acquiring an additional 1,044,200 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of Baldwin Insurance Group by 20.3% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock valued at $110,467,000 after acquiring an additional 659,433 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Baldwin Insurance Group by 1,376.4% during the 4th quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock valued at $14,882,000 after acquiring an additional 577,345 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.

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.