Baldwin Insurance Group (NASDAQ:BWIN) Hits New 52-Week Low – Here’s What Happened

Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $21.04 and last traded at $21.19, with a volume of 552412 shares trading hands. The stock had previously closed at $21.92.

Analysts Set New Price Targets

BWIN has been the topic of a number of recent analyst reports. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. UBS Group cut their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. reduced their target price on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Baldwin Insurance Group has an average rating of “Hold” and a consensus price target of $33.83.

Baldwin Insurance Group Price Performance

The firm’s 50 day simple moving average is $25.08 and its two-hundred day simple moving average is $28.46. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $2.44 billion, a P/E ratio of -47.88, a P/E/G ratio of 0.80 and a beta of 1.33.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $365.39 million for the quarter, compared to the consensus estimate of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00. Following the transaction, the insider owned 42,113 shares in the company, valued at approximately $1,011,975.39. This trade represents a 65.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 255,000 shares of company stock worth $6,119,000 over the last ninety days. Corporate insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Fenimore Asset Management Inc grew its stake in shares of Baldwin Insurance Group by 14.9% in the fourth quarter. Fenimore Asset Management Inc now owns 582,850 shares of the company’s stock worth $14,006,000 after purchasing an additional 75,793 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Baldwin Insurance Group by 19.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,166 shares of the company’s stock valued at $268,000 after buying an additional 1,798 shares during the period. UBS Group AG raised its holdings in shares of Baldwin Insurance Group by 42.9% during the fourth quarter. UBS Group AG now owns 686,318 shares of the company’s stock valued at $16,492,000 after acquiring an additional 205,997 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Baldwin Insurance Group by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock valued at $164,651,000 after acquiring an additional 287,241 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Baldwin Insurance Group by 4.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,529 shares of the company’s stock worth $1,430,000 after acquiring an additional 2,469 shares during the period. 77.49% of the stock is owned by institutional investors.

About Baldwin Insurance Group

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.