Baldwin Insurance Group, Inc. (NASDAQ:BWIN – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 7,503,095 shares, a decrease of 41.0% from the September 15th total of 12,717,049 shares. Approximately 6.4% of the shares of the stock are short sold. Based on an average trading volume of 5,469,805 shares, the short-interest ratio is presently 1.4 days.
Institutional Investors Weigh In On Baldwin Insurance Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Baldwin Insurance Group by 43.3% in the 2nd quarter. Versant Capital Management Inc now owns 1,201 shares of the company’s stock worth $32,000 after acquiring an additional 363 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Baldwin Insurance Group by 102.1% during the third quarter. Farther Finance Advisors LLC now owns 1,039 shares of the company’s stock valued at $33,000 after purchasing an additional 525 shares during the period. HB Wealth Management LLC boosted its position in Baldwin Insurance Group by 1.0% in the 1st quarter. HB Wealth Management LLC now owns 74,451 shares of the company’s stock valued at $1,633,000 after buying an additional 703 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Baldwin Insurance Group by 238.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company’s stock valued at $28,000 after acquiring an additional 900 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Baldwin Insurance Group in the second quarter worth approximately $25,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. TD Cowen cut Baldwin Insurance Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $37.00 to $32.50 in a research report on Monday. UBS Group cut Baldwin Insurance Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $32.50 in a report on Friday, October 2nd. Morgan Stanley set a $28.00 price target on Baldwin Insurance Group in a research note on Monday, June 22nd. Keefe, Bruyette & Woods lowered shares of Baldwin Insurance Group from an “outperform” rating to a “market perform” rating and set a $32.50 price objective for the company. in a report on Monday. Finally, JPMorgan Chase & Co. lowered shares of Baldwin Insurance Group from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $32.00 in a report on Thursday, October 1st. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $31.20.
Baldwin Insurance Group Stock Up 0.2%
NASDAQ BWIN opened at $31.92 on Thursday. 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 company has a market capitalization of $4.45 billion, a P/E ratio of 32.19, a P/E/G ratio of 1.03 and a beta of 1.00. Baldwin Insurance Group has a one year low of $15.88 and a one year high of $32.71. The stock has a 50 day moving average price of $31.10 and a 200-day moving average price of $25.97.
Baldwin Insurance Group (NASDAQ:BWIN – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $492.94 million during the quarter, compared to analyst estimates of $492.33 million. Baldwin Insurance Group had a negative net margin of 4.67% and a positive return on equity of 12.67%. Baldwin Insurance Group’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. As a group, equities analysts predict that Baldwin Insurance Group will post 1.44 EPS for the current fiscal year.
About Baldwin Insurance Group
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.
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