Baldwin Insurance Group (NASDAQ:BWIN) Shares Down 8.3% – Time to Sell?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares traded down 8.3% during mid-day trading on Tuesday . The stock traded as low as $23.83 and last traded at $23.7080. 487,958 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,133,253 shares. The stock had previously closed at $25.84.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, December 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. Wells Fargo & Company upped 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 dropped their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen downgraded shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Baldwin Insurance Group presently has an average rating of “Hold” and a consensus price target of $33.83.

Baldwin Insurance Group Stock Down 7.1%

The company has a market capitalization of $2.85 billion, a PE ratio of -55.82, a price-to-earnings-growth ratio of 0.92 and a beta of 1.38. The company’s fifty day moving average is $25.41 and its 200-day moving average is $28.98. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15.

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

Insider Activity at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 100,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $24.20, for a total value of $2,420,000.00. Following the completion of the transaction, the insider owned 122,113 shares of the company’s stock, valued at $2,955,134.60. This represents a 45.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 255,000 shares of company stock valued at $6,119,000 in the last quarter. 20.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MTM Investment Management LLC bought a new stake in shares of Baldwin Insurance Group during the second quarter valued at approximately $30,000. Dorato Capital Management bought a new stake in Baldwin Insurance Group in the 4th quarter valued at $35,000. Caitong International Asset Management Co. Ltd bought a new stake in Baldwin Insurance Group in the 3rd quarter valued at $39,000. AlphaQuest LLC lifted its stake in Baldwin Insurance Group by 249.2% in the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock worth $55,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Baldwin Insurance Group during the 2nd quarter valued at about $58,000. 77.49% of the stock is currently 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.