Baldwin Insurance Group (NASDAQ:BWIN) Stock Price Down 8.3% – Here’s Why

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) were down 8.3% during mid-day trading on Tuesday . The stock traded as low as $23.83 and last traded at $23.7080. Approximately 487,958 shares were traded during trading, a decline of 57% from the average daily volume of 1,133,253 shares. The stock had previously closed at $25.84.

Wall Street Analyst Weigh In

BWIN has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and issued a $28.00 target price on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, BMO Capital Markets decreased their price objective on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Baldwin Insurance Group has a consensus rating of “Hold” and a consensus price target of $33.83.

Baldwin Insurance Group Stock Up 0.0%

The business’s fifty day simple moving average is $25.20 and its 200 day simple moving average is $28.78. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -53.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.38.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $365.39 million for the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. Equities analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 80,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00. Following the sale, the insider directly owned 42,113 shares in the company, valued at $1,011,975.39. This trade represents a 65.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 255,000 shares of company stock valued at $6,119,000. Corporate insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Large investors have recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its holdings in Baldwin Insurance Group by 19.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,166 shares of the company’s stock worth $268,000 after purchasing an additional 1,798 shares during the period. UBS Group AG increased its position in shares of Baldwin Insurance Group by 42.9% in the 4th quarter. UBS Group AG now owns 686,318 shares of the company’s stock valued at $16,492,000 after buying an additional 205,997 shares in the last quarter. Vanguard Group Inc. raised its stake in Baldwin Insurance Group by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock worth $164,651,000 after buying an additional 287,241 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Baldwin Insurance Group by 4.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,529 shares of the company’s stock worth $1,430,000 after acquiring an additional 2,469 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC grew its stake in Baldwin Insurance Group by 584.8% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 66,901 shares of the company’s stock valued at $1,608,000 after acquiring an additional 57,131 shares during the period. Institutional investors own 77.49% of the company’s stock.

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.