The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $47.17.

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their price objective on shares of The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Finally, UBS Group raised their target price on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th.

Insider Activity

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $46.74, for a total transaction of $2,337,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Stock Down 1.2 %

Shares of BWIN stock opened at $48.76 on Thursday. The stock has a market capitalization of $5.73 billion, a PE ratio of -76.19, a P/E/G ratio of 1.41 and a beta of 1.60. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $55.82. The firm has a fifty day moving average price of $48.89.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. During the same quarter last year, the business posted $0.15 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Baldwin Insurance Group will post 1.03 earnings per share for the current year.

About The Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.