Baldwin Insurance Group (NASDAQ:BWIN) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Baldwin Insurance Group (NASDAQ:BWIN) posted its quarterly earnings data on Thursday. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02, FiscalAI reports. The firm had revenue of $492.94 million for the quarter, compared to analyst estimates of $492.33 million. Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. Baldwin Insurance Group’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. Baldwin Insurance Group updated its Q3 2026 guidance to 0.420-0.460 EPS.

Here are the key takeaways from Baldwin Insurance Group’s conference call:

• Second-quarter profitability and cash flow improved materially: revenue reached $493 million, adjusted EBITDA rose 37% to $117 million, and adjusted free cash flow increased 437% year over year to $46 million.
• Management said underlying organic growth was approximately 8% after adjusting for partnerships and temporary accounting and integration headwinds, and expects growth to accelerate to high-single digits or better in the fourth quarter.
• The CAC partnership continued to outperform, with second-quarter revenue growth of 23%, sales velocity of 59%, retention above 92%, and more than $100 million of closed-won new business including future effective dates.
• Full-year guidance remains largely unchanged at mid-single-digit organic revenue growth, while third-quarter guidance calls for $485 million–$495 million of revenue, $105 million–$110 million of adjusted EBITDA, and adjusted EPS of $0.42–$0.46.
• The company reported a GAAP net loss of $39 million, while legacy IAS faces approximately $4 million–$5 million of additional revenue impact in the second half from integration-related personnel changes; net leverage also rose to roughly 4.5 times after an $80 million share repurchase, and further buybacks are currently paused.

Baldwin Insurance Group Stock Up 4.1%

NASDAQ:BWIN traded up $1.09 during trading hours on Friday, hitting $27.78. The stock had a trading volume of 620,666 shares, compared to its average volume of 1,630,331. The business has a 50 day simple moving average of $23.47 and a two-hundred day simple moving average of $22.28. The company has a market cap of $3.96 billion, a PE ratio of -41.51, a price-to-earnings-growth ratio of 1.01 and a beta of 1.08. Baldwin Insurance Group has a 1-year low of $15.88 and a 1-year high of $37.44. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51.

Analyst Upgrades and Downgrades

BWIN has been the topic of several analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. Wells Fargo & Company increased their price target on shares of Baldwin Insurance Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Baldwin Insurance Group from $26.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings raised shares of Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 8th. Finally, BMO Capital Markets upped their target price on shares of Baldwin Insurance Group from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Key Stories Impacting Baldwin Insurance Group

Here are the key news stories impacting Baldwin Insurance Group this week:

• Positive Sentiment: Quarterly earnings beat estimates. BWIN reported adjusted earnings of $0.48 per share, above the $0.46 consensus estimate and up from $0.42 a year earlier. Revenue reached $492.9 million, slightly exceeding expectations of $492.3 million. The Baldwin Insurance Group Q2 earnings and revenues beat estimates
• Positive Sentiment: Revenue growth remained strong. Second-quarter revenue increased 30.1% year over year, supporting investor confidence in Baldwin’s expansion and insurance distribution platform. The company also reported 2% organic revenue growth. The Baldwin Group Announces Second Quarter 2026 Results
• Positive Sentiment: Third-quarter EPS outlook topped expectations. Management guided to earnings of $0.42–$0.46 per share, compared with the $0.41 analyst consensus. This suggests near-term profitability could remain ahead of forecasts. BWIN Q2 2026 earnings call transcript
• Neutral Sentiment: Revenue guidance was broadly in line. Third-quarter revenue guidance of $485 million–$495 million brackets the $493.1 million consensus estimate, offering limited upside on the top line. Baldwin Insurance Group quarterly earnings report
• Negative Sentiment: Profitability remains a concern. Despite the adjusted earnings beat, Baldwin reported a negative net margin of 2.8%, which may temper enthusiasm and keep investors focused on whether growth translates into sustained bottom-line profits.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 15.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Baldwin Insurance Group by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock worth $1,795,000 after buying an additional 2,309 shares in the last quarter. Millennium Management LLC raised its stake in Baldwin Insurance Group by 371.9% during the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock valued at $11,384,000 after acquiring an additional 200,754 shares in the last quarter. NewEdge Advisors LLC boosted its position in Baldwin Insurance Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after acquiring an additional 700 shares during the period. Goldman Sachs Group Inc. boosted its position in Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after acquiring an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Baldwin Insurance Group by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after purchasing an additional 11,768 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other 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.