The Baldwin Insurance Group (NASDAQ:BWIN) Hits New 52-Week High Following Analyst Upgrade

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares hit a new 52-week high on Monday after Keefe, Bruyette & Woods raised their price target on the stock from $34.00 to $40.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. The Baldwin Insurance Group traded as high as $36.26 and last traded at $36.26, with a volume of 260923 shares changing hands. The stock had previously closed at $35.47.

Separately, Raymond James reaffirmed a “strong-buy” rating and set a $45.00 target price (up previously from $40.00) on shares of The Baldwin Insurance Group in a report on Wednesday, May 22nd.

Insider Buying and Selling

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total value of $4,262,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.14% of the stock is owned by company insiders.

The Baldwin Insurance Group Trading Up 2.3 %

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -39.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The business had revenue of $380.37 million for the quarter, compared to the consensus estimate of $375.30 million. As a group, sell-side analysts expect that The Baldwin Insurance Group, Inc. will post 1.1 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.