Baldwin Insurance Group (NASDAQ:BWIN) Rating Lowered to Strong Sell at Raymond James Financial

Baldwin Insurance Group (NASDAQ:BWIN) was downgraded by equities research analysts at Raymond James Financial from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Wednesday, Zacks reports.

Other research analysts also recently issued research reports about the stock. William Blair downgraded shares of Baldwin Insurance Group from an “outperform” rating to a “hold” rating in a research report on Monday, September 14th. Keefe, Bruyette & Woods increased 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 note on Wednesday, July 8th. Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. UBS Group raised their price objective on Baldwin Insurance Group from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, TD Cowen restated a “buy” rating on shares of Baldwin Insurance Group in a research note on Monday, June 15th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.17.

Baldwin Insurance Group Stock Down 0.3%

NASDAQ BWIN opened at $31.85 on Wednesday. The stock has a market capitalization of $4.44 billion, a P/E ratio of -30.62, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03. 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 stock has a fifty day moving average of $29.77 and a 200-day moving average of $24.84.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Baldwin Insurance Group had a positive return on equity of 12.67% and a negative net margin of 4.67%.The business had revenue of $492.94 million for the quarter, compared to analysts’ expectations of $492.33 million. During the same quarter last year, the business earned $0.42 earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. On average, equities research analysts forecast that Baldwin Insurance Group will post 1.44 EPS for the current year.

Institutional Investors Weigh In On Baldwin Insurance Group

Several institutional investors have recently made changes to their positions in the stock. Capital International Investors increased its stake in Baldwin Insurance Group by 15.0% during the 4th quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock worth $86,944,000 after acquiring an additional 472,703 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Baldwin Insurance Group by 36.3% during 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 acquiring an additional 1,044,200 shares during the period. 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 worth $37,683,000 after purchasing an additional 1,702,189 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Baldwin Insurance Group by 16.8% in the first 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 during the period. Finally, Fiera Capital Corp raised its stake in Baldwin Insurance Group by 30.6% in the fourth quarter. Fiera Capital Corp now owns 991,213 shares of the company’s stock valued at $23,819,000 after purchasing an additional 231,993 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

About Baldwin Insurance Group

The Baldwin Insurance Group, Inc, operating under The Baldwin Group brand and traded on Nasdaq under the symbol BWIN, is an independent insurance distribution and advisory company. It helps individuals, businesses and organizations assess risks and obtain insurance coverage through a network of retail brokerage, wholesale brokerage, managing general agency and related insurance businesses.

The company offers commercial and personal property and casualty insurance, employee benefits, risk management and specialty insurance solutions.