BMO Capital Markets Forecasts Strong Price Appreciation for Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group (NASDAQ:BWIN) had its price objective upped by equities researchers at BMO Capital Markets from $23.00 to $25.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 6.29% from the stock’s current price.

BWIN has been the subject of several other research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Friday, March 27th. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. raised shares of Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $25.00 to $28.00 in a report on Monday. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. Finally, Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $20.00 to $30.00 in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.89.

Baldwin Insurance Group Stock Up 16.2%

BWIN stock opened at $23.52 on Tuesday. The stock has a fifty day moving average of $21.04 and a 200-day moving average of $21.83. Baldwin Insurance Group has a fifty-two week low of $15.88 and a fifty-two week high of $45.16. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of -35.10, a PEG ratio of 0.72 and a beta of 1.16. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The firm had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The company’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, equities research analysts predict that Baldwin Insurance Group will post 1.38 earnings per share for the current year.

Insider Buying and Selling at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group 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 is accessible through the SEC website. 20.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Baldwin Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. William Blair Investment Management LLC increased its holdings in shares of Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after buying an additional 2,439,118 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Baldwin Insurance Group by 11,089.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,717,538 shares of the company’s stock worth $37,683,000 after purchasing an additional 1,702,189 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Baldwin Insurance Group by 36.3% during the first quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock worth $85,963,000 after purchasing an additional 1,044,200 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Baldwin Insurance Group by 20.3% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after purchasing an additional 659,433 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Baldwin Insurance Group by 1,376.4% in the 4th quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after purchasing an additional 577,345 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

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.