Baldwin Insurance Group (NASDAQ:BWIN) Cut to Hold at TD Cowen

Posted by Geri Gentry on Oct 15th, 2026

TD Cowen cut shares of Baldwin Insurance Group (NASDAQ:BWIN – Free Report) from a buy rating to a hold rating in a report released on Monday morning, MarketBeat reports. They currently have $32.50 target price on the stock, down from their prior target price of $37.00.

A number of other equities research analysts also recently issued reports on BWIN. JPMorgan Chase & Co. downgraded shares of Baldwin Insurance Group from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $30.00 to $32.00 in a research note on Thursday, October 1st. BMO Capital Markets raised their target price on shares of Baldwin Insurance Group from $26.00 to $32.50 and gave the company a “market perform” rating in a report on Tuesday, September 15th. Keefe, Bruyette & Woods boosted their target price on shares of Baldwin Insurance Group from $26.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Friday, October 2nd. Finally, Morgan Stanley set a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Baldwin Insurance Group presently has a consensus rating of “Reduce” and an average price target of $31.20.

View Our Latest Analysis on BWIN

Baldwin Insurance Group Stock Performance

BWIN opened at $31.92 on Monday. The firm has a market cap of $4.45 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $32.71. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.07 and a current ratio of 1.07. The business’s fifty day moving average is $31.10 and its 200-day moving average is $25.97.

Baldwin Insurance Group (NASDAQ:BWIN – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $492.94 million for the quarter, compared to analysts’ expectations of $492.33 million. Baldwin Insurance Group had a positive return on equity of 12.67% and a negative net margin of 4.67%. Baldwin Insurance Group’s revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. Sell-side analysts expect that Baldwin Insurance Group will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in shares of Baldwin Insurance Group by 36.3% in 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 purchasing an additional 1,044,200 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings 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 purchasing an additional 1,702,189 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Baldwin Insurance Group by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,871 shares of the company’s stock worth $29,265,000 after purchasing an additional 191,482 shares in the last quarter. Janus Henderson Group PLC increased its position in Baldwin Insurance Group by 12.6% during the 1st quarter. Janus Henderson Group PLC now owns 881,885 shares of the company’s stock worth $19,348,000 after purchasing an additional 98,600 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Baldwin Insurance Group by 51.9% during the 1st quarter. Bank of America Corp DE now owns 848,407 shares of the company’s stock worth $18,614,000 after purchasing an additional 289,879 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

(Get Free Report)

The Baldwin Insurance Group, Inc is an insurance distribution and advisory company that helps individuals, businesses and organizations identify, manage and insure against risk. The company operates through a network of insurance agencies and specialty businesses, providing access to property and casualty insurance, employee benefits, personal insurance and related risk-management solutions.

Its services include commercial insurance brokerage, personal lines coverage, employee benefits consulting, claims support and other advisory services.