Brokerages Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Price Target at $30.25

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.25.

BWIN has been the topic of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Friday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Raymond James Financial raised shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $20.00 to $30.00 in a report on Friday, February 27th. Bank of America reduced 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 research report on Tuesday, April 14th. Finally, Wells Fargo & Company upped their target price on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th.

Baldwin Insurance Group Price Performance

NASDAQ:BWIN opened at $19.88 on Monday. The stock has a market cap of $2.83 billion, a P/E ratio of -29.67, a PEG ratio of 0.76 and a beta of 1.16. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $21.61 and a 200 day moving average price of $22.46. Baldwin Insurance Group has a one year low of $15.88 and a one year high of $45.16.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business 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 quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Analysts anticipate that Baldwin Insurance Group will post 1.27 earnings per share for the current year.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 20.14% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

A number of hedge funds have recently modified their holdings of BWIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Baldwin Insurance Group by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock valued at $1,795,000 after acquiring an additional 2,309 shares during the period. Millennium Management LLC increased 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 worth $11,384,000 after purchasing an additional 200,754 shares in the last quarter. NewEdge Advisors LLC raised its holdings 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 buying an additional 700 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 buying an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Baldwin Insurance Group by 6.6% during the 1st 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 buying an additional 11,768 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.