Baldwin Insurance Group (NASDAQ:BWIN) Announces Earnings Results

Baldwin Insurance Group (NASDAQ:BWIN) issued its quarterly earnings results on Monday. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01), FiscalAI reports. The business had revenue of $480.26 million for the quarter, compared to analyst estimates of $480.26 million. Baldwin Insurance Group had a positive return on equity of 13.63% and a negative net margin of 6.51%. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $32.18 on Wednesday. The stock has a fifty day moving average of $31.63 and a 200 day moving average of $25.33. Baldwin Insurance Group has a 52 week low of $15.88 and a 52 week high of $32.71. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of -22.99, a PEG ratio of 1.04 and a beta of 0.98.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. William Blair lowered shares of Baldwin Insurance Group from an “outperform” rating to a “hold” rating in a research note on Monday, September 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Baldwin Insurance Group in a research note on Friday, October 2nd. Keefe, Bruyette & Woods lowered shares of Baldwin Insurance Group from an “outperform” rating to a “market perform” rating and set a $32.50 price target for the company. in a research note on Monday, October 12th. BMO Capital Markets boosted their price objective on Baldwin Insurance Group from $26.00 to $32.50 and gave the company a “market perform” rating in a research note on Tuesday, September 15th. Finally, Wells Fargo & Company boosted their target price on shares of Baldwin Insurance Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $31.20.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc. is an insurance brokerage and advisory firm that helps individuals and businesses assess and manage risk. Its services include placing personal and commercial insurance coverage, advising on employee benefits, and providing risk-management support. The company also serves specialty insurance markets through wholesale brokerage and underwriting-related services, connecting clients and insurance distributors with coverage providers. Its offerings span a range of industries and insurance needs.