The Baldwin Insurance Group (NASDAQ:BWIN) Sets New 12-Month High at $51.13

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares hit a new 52-week high on Thursday . The stock traded as high as $51.13 and last traded at $50.31, with a volume of 32883 shares trading hands. The stock had previously closed at $50.36.

Analyst Ratings Changes

Several brokerages have recently weighed in on BWIN. JPMorgan Chase & Co. increased their price objective on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. UBS Group raised their price target 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. Wells Fargo & Company raised their price target on shares of The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $43.60.

The Baldwin Insurance Group Stock Down 4.1 %

The stock has a market cap of $5.73 billion, a PE ratio of -52.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. The stock has a 50 day moving average price of $44.01.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $339.80 million for the quarter, compared to the consensus estimate of $334.95 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. On average, analysts expect that The Baldwin Insurance Group, Inc. will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider James Morgan Roche sold 2,547 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total value of $105,573.15. Following the sale, the insider now directly owns 245,817 shares in the company, valued at approximately $10,189,114.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider James Morgan Roche sold 2,547 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total value of $105,573.15. Following the sale, the insider now directly owns 245,817 shares in the company, valued at approximately $10,189,114.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lowry Baldwin sold 50,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 508,616 shares of company stock worth $21,947,676 over the last ninety days. Corporate insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Company Profile

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.