Keefe, Bruyette & Woods Lowers The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $49.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target cut by research analysts at Keefe, Bruyette & Woods from $50.00 to $49.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 37.18% from the stock’s previous close.

BWIN has been the topic of several other research reports. Jefferies Financial Group raised their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company reissued an “underweight” rating and issued a $41.00 price target (down from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $46.00.

The Baldwin Insurance Group Price Performance

Shares of BWIN stock opened at $35.72 on Friday. The Baldwin Insurance Group has a 1-year low of $21.70 and a 1-year high of $55.82. The stock’s 50-day moving average is $42.95 and its 200 day moving average is $44.34. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $4.20 billion, a P/E ratio of -55.81, a PEG ratio of 1.27 and a beta of 1.64.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly 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 firm had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. Research analysts predict that The Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

Insider Activity at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 191,307 shares of The Baldwin Insurance Group stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the transaction, the insider now directly owns 232,570 shares of the company’s stock, valued at approximately $10,507,512.60. The trade was a 45.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new position in The Baldwin Insurance Group during the 3rd quarter worth $263,000. Diversified Trust Co bought a new position in The Baldwin Insurance Group in the fourth quarter valued at about $788,000. Lord Abbett & CO. LLC bought a new stake in shares of The Baldwin Insurance Group during the third quarter worth approximately $29,447,000. Finally, Confluence Investment Management LLC bought a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $16,747,000. Institutional investors and hedge funds own 77.49% 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.