Baldwin Insurance Group (NASDAQ:BWIN) Price Target Raised to $27.00

Baldwin Insurance Group (NASDAQ:BWIN) had its target price upped by research analysts at Wells Fargo & Company from $24.00 to $27.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 3.73% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Bank of America reduced their price objective on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Wednesday, June 24th. Keefe, Bruyette & Woods lifted their price target 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. UBS Group decreased their price objective on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Morgan Stanley set a $28.00 price target on shares of Baldwin Insurance Group in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.78.

Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN traded down $0.84 during trading on Thursday, hitting $26.03. 550,547 shares of the company were exchanged, compared to its average volume of 1,683,868. Baldwin Insurance Group has a 1-year low of $15.88 and a 1-year high of $43.64. The company has a market capitalization of $3.71 billion, a P/E ratio of -38.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.08. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $21.58 and its 200-day moving average is $22.06.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The firm had revenue of $532.24 million for the quarter, compared to analyst estimates of $524.07 million. During the same period last year, the business earned $0.65 EPS. The company’s revenue was up 28.7% compared to the same quarter last year. Equities analysts forecast that Baldwin Insurance Group will post 1.38 earnings per share for the current year.

Insider Activity at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 18.51% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in Baldwin Insurance Group by 238.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company’s stock worth $28,000 after buying an additional 900 shares during the period. Larson Financial Group LLC increased its position in shares of Baldwin Insurance Group by 666.5% during the fourth quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after buying an additional 1,053 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Baldwin Insurance Group by 43.3% in the second quarter. Versant Capital Management Inc now owns 1,201 shares of the company’s stock worth $32,000 after buying an additional 363 shares in the last quarter. Dorato Capital Management bought a new position in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Baldwin Insurance Group during the third quarter valued at approximately $39,000. Hedge funds and other 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.