William Blair Upgrades The Baldwin Insurance Group (NASDAQ:BWIN) to “Outperform”

William Blair upgraded shares of The Baldwin Insurance Group (NASDAQ:BWIN) from a market perform rating to an outperform rating in a report released on Thursday, MarketBeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, UBS Group upped their price objective 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. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.67.

The Baldwin Insurance Group Stock Down 0.9 %

Shares of NASDAQ BWIN opened at $54.78 on Thursday. The firm has a market cap of $6.44 billion, a PE ratio of -59.54, a PEG ratio of 1.39 and a beta of 1.59. The Baldwin Insurance Group has a 52-week low of $17.33 and a 52-week high of $55.82. The firm has a 50-day moving average price of $47.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.34.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results 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 Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The business had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. During the same period last year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts anticipate that The Baldwin Insurance Group will post 1.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider James Morgan Roche sold 36,684 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $41.96, for a total value of $1,539,260.64. Following the completion of the sale, the insider now owns 396,815 shares in the company, valued at $16,650,357.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider James Morgan Roche sold 36,684 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $41.96, for a total value of $1,539,260.64. Following the sale, the insider now owns 396,815 shares in the company, valued at $16,650,357.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Seth Bala Cohen sold 3,783 shares of The Baldwin Insurance Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the transaction, the general counsel now directly owns 8,813 shares of the company’s stock, valued at approximately $375,698.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 508,616 shares of company stock worth $21,947,676. Corporate insiders own 20.14% of the company’s stock.

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.