Baldwin Insurance Group (NASDAQ:BWIN) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Baldwin Insurance Group (NASDAQ:BWIN) from a hold rating to a sell rating in a report issued on Friday morning.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, July 10th. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a report on Saturday, September 27th. BMO Capital Markets reduced their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, June 13th. Finally, Zacks Research upgraded Baldwin Insurance Group to a “strong sell” rating in a research report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Baldwin Insurance Group currently has a consensus rating of “Hold” and a consensus price target of $43.67.

Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $28.80 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. Baldwin Insurance Group has a twelve month low of $26.33 and a twelve month high of $55.82. The business has a 50-day moving average price of $32.00 and a 200-day moving average price of $37.84. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -99.31, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39.

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

Insider Activity

In other Baldwin Insurance Group news, CFO Bradford Hale acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average cost of $28.72 per share, with a total value of $287,200.00. Following the completion of the acquisition, the chief financial officer directly owned 144,659 shares in the company, valued at $4,154,606.48. This represents a 7.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 18.51% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of BWIN. MTM Investment Management LLC bought a new position in shares of Baldwin Insurance Group in the 2nd quarter worth $30,000. Elevation Point Wealth Partners LLC purchased a new position in Baldwin Insurance Group in the second quarter valued at about $58,000. Strs Ohio bought a new position in Baldwin Insurance Group in the first quarter worth about $72,000. First Horizon Advisors Inc. lifted its position in shares of Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock valued at $79,000 after buying an additional 419 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Baldwin Insurance Group by 3,664.0% during the second quarter. IFP Advisors Inc now owns 2,823 shares of the company’s stock valued at $128,000 after buying an additional 2,748 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

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.