Baldwin Insurance Group (NASDAQ:BWIN) Posts Earnings Results, Misses Expectations By $0.01 EPS

Baldwin Insurance Group (NASDAQ:BWIN) posted its quarterly earnings results on Monday. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01), FiscalAI reports. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The firm had revenue of $532.24 million for the quarter, compared to analysts’ expectations of $524.07 million.

Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded down $0.06 on Monday, hitting $21.97. The stock had a trading volume of 1,645,074 shares, compared to its average volume of 1,637,291. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -44.84, a price-to-earnings-growth ratio of 0.85 and a beta of 1.23. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.54. The business’s 50-day simple moving average is $21.91 and its two-hundred day simple moving average is $23.26. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $45.16.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Eugene Sparks acquired 29,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $22.96 per share, for a total transaction of $665,840.00. Following the completion of the transaction, the director owned 981,506 shares in the company, valued at approximately $22,535,377.76. This represents a 3.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 18.51% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in shares of Baldwin Insurance Group during the 4th quarter valued at about $580,000. VARCOV Co. purchased a new position in shares of Baldwin Insurance Group during the 4th quarter valued at about $517,000. Twinbeech Capital LP purchased a new position in shares of Baldwin Insurance Group during the 4th quarter valued at about $908,000. Balyasny Asset Management L.P. purchased a new position in shares of Baldwin Insurance Group during the 4th quarter valued at $7,247,000. Finally, AQR Capital Management LLC purchased a new position in shares of Baldwin Insurance Group during the 4th quarter valued at $307,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Bank of America cut their price target on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Friday, March 27th. Wells Fargo & Company increased their price objective on Baldwin Insurance Group from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. dropped their price objective on Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Raymond James Financial raised Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $20.00 to $30.00 in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.13.

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.