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

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.50.

Several analysts recently issued reports on the company. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods reduced their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Jefferies Financial Group boosted their target price on shares of 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 lowered their price objective on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $40.87 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average price is $42.51 and its two-hundred day moving average price is $44.37. The firm has a market capitalization of $4.81 billion, a P/E ratio of -63.86, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The Baldwin Insurance Group has a 1 year low of $21.70 and a 1 year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. As a group, research analysts anticipate that The Baldwin Insurance Group will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.14% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWIN. Peapack Gladstone Financial Corp acquired a new position in The Baldwin Insurance Group in the third quarter valued at $263,000. Diversified Trust Co bought a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $788,000. Harbor Capital Advisors Inc. bought a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $2,000,000. HB Wealth Management LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $2,468,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter valued at about $5,115,000. Institutional investors and hedge funds own 77.49% 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.