Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.00.

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Baldwin Insurance Group from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. UBS Group cut their price target on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. BMO Capital Markets increased their price objective on Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings upgraded Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th.

Baldwin Insurance Group Price Performance

Shares of BWIN opened at $26.47 on Tuesday. The company has a market cap of $3.77 billion, a P/E ratio of -39.51, a PEG ratio of 0.95 and a beta of 1.08. The stock has a fifty day moving average price of $22.87 and a 200 day moving average price of $22.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. Baldwin Insurance Group has a 12 month low of $15.88 and a 12 month high of $41.63.

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

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several large investors have recently bought and sold shares of the stock. William Blair Investment Management LLC lifted its stake in shares of Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after acquiring an additional 2,439,118 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Baldwin Insurance Group by 11,089.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,717,538 shares of the company’s stock valued at $37,683,000 after acquiring an additional 1,702,189 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Baldwin Insurance Group by 36.3% during the first 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. MetLife Investment Management LLC raised its holdings in Baldwin Insurance Group by 1,376.4% during the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after purchasing an additional 577,345 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Baldwin Insurance Group during the third quarter worth approximately $14,177,000. Institutional investors and hedge funds 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.