Baldwin Insurance Group (NASDAQ:BWIN) Stock Rating Upgraded by Wall Street Zen

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

BWIN has been the subject of several other research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Zacks Research raised shares of Baldwin Insurance Group to a “strong sell” rating in a research report on Tuesday, August 12th. Wells Fargo & Company increased their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an “underweight” rating in a research report on Thursday, July 10th. Finally, BMO Capital Markets decreased their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, June 13th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.67.

Baldwin Insurance Group Price Performance

Shares of BWIN opened at $31.09 on Friday. The company has a 50 day moving average price of $35.46 and a 200-day moving average price of $38.98. Baldwin Insurance Group has a fifty-two week low of $28.66 and a fifty-two week high of $55.82. The stock has a market capitalization of $3.69 billion, a PE ratio of -107.21, a PEG ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Baldwin Insurance Group had a negative net margin of 1.22% and a positive return on equity of 13.24%. The firm had revenue of $378.81 million during the quarter, compared to analysts’ expectations of $375.38 million. During the same quarter in the prior year, the company earned $0.34 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Equities analysts predict that Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Baldwin Insurance Group

In related news, CFO Bradford Hale purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were acquired at an average price of $28.72 per share, for a total transaction of $287,200.00. Following the purchase, the chief financial officer owned 144,659 shares of the company’s stock, valued at $4,154,606.48. This trade represents a 7.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. KBC Group NV increased its stake in shares of Baldwin Insurance Group by 12.1% in the first quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after acquiring an additional 396 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after acquiring an additional 419 shares during the period. US Bancorp DE increased its stake in shares of Baldwin Insurance Group by 6.5% in the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock worth $328,000 after acquiring an additional 450 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Baldwin Insurance Group by 4.8% in the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after acquiring an additional 470 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Baldwin Insurance Group by 3.9% in the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock worth $579,000 after acquiring an additional 504 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

About Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.