Analysts Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) PT at $37.67

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $37.6667.

A number of equities research analysts have issued reports on BWIN shares. JPMorgan Chase & Co. cut their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Raymond James Financial reissued an “outperform” rating and issued a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. BMO Capital Markets reissued a “market perform” rating and issued a $33.00 price target (down previously from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Wells Fargo & Company cut their price target on shares of Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th.

Baldwin Insurance Group Price Performance

BWIN stock opened at $23.47 on Friday. 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 has a 52 week low of $22.15 and a 52 week high of $52.09. The firm’s fifty day moving average is $29.44 and its 200 day moving average is $36.02. The firm has a market cap of $2.79 billion, a P/E ratio of -80.93, a P/E/G ratio of 1.14 and a beta of 1.39.

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

Insider Buying and Selling at Baldwin Insurance Group

In related news, CFO Bradford Hale bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $28.72 per share, with a total value of $287,200.00. Following the purchase, the chief financial officer owned 144,659 shares of the company’s stock, valued at approximately $4,154,606.48. This trade represents a 7.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

A number of large investors have recently modified their holdings of BWIN. Bessemer Group Inc. boosted its stake in shares of Baldwin Insurance Group by 36.4% during the 1st quarter. Bessemer Group Inc. now owns 43,065 shares of the company’s stock valued at $1,924,000 after purchasing an additional 11,485 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Baldwin Insurance Group by 35.4% during the 1st quarter. Diversified Trust Co now owns 27,542 shares of the company’s stock valued at $1,231,000 after purchasing an additional 7,206 shares in the last quarter. KBC Group NV boosted its stake in shares of Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock valued at $164,000 after purchasing an additional 396 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Baldwin Insurance Group by 3.1% during the 1st quarter. Peregrine Capital Management LLC now owns 429,484 shares of the company’s stock valued at $19,194,000 after purchasing an additional 12,908 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Baldwin Insurance Group during the 1st quarter valued at about $441,000. Institutional investors 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.