The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of “Buy” by Brokerages

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.60.

Several equities analysts recently weighed in on the stock. UBS Group increased 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 report on Tuesday, August 13th. Wells Fargo & Company increased 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 report on Wednesday, August 7th. Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods increased 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 report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, Director Lowry Baldwin sold 50,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $46.74, for a total transaction of $2,337,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other The Baldwin Insurance Group news, CFO Bradford Hale sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the sale, the chief financial officer now owns 98,131 shares in the company, valued at approximately $4,071,455.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 50,000 shares of the business’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 value of $2,337,000.00. The disclosure for this sale can be found here. Insiders sold a total of 508,616 shares of company stock valued at $21,947,676 in the last three months. 20.14% of the stock is owned by corporate insiders.

The Baldwin Insurance Group Stock Up 2.6 %

NASDAQ:BWIN traded up $1.31 during mid-day trading on Wednesday, reaching $51.89. The company’s stock had a trading volume of 235,407 shares, compared to its average volume of 417,532. The Baldwin Insurance Group has a 1 year low of $17.33 and a 1 year high of $52.04. The business’s fifty day simple moving average is $46.02. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of -56.26, a PEG ratio of 1.30 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $339.80 million during the quarter, compared to analyst estimates 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 company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, analysts expect that The Baldwin Insurance Group will post 1.11 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.