The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $47.67 Average PT from Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.17.

A number of research analysts have weighed in on BWIN shares. JPMorgan Chase & Co. raised their price target on 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. Wells Fargo & Company lowered their target price on shares of The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th.

The Baldwin Insurance Group Trading Down 11.9 %

Shares of NASDAQ BWIN opened at $40.66 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of -50.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $55.82. The company has a fifty day moving average price of $49.16. 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 Baldwin Insurance Group (NASDAQ:BWIN) last issued 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 company had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. On average, research analysts anticipate that The Baldwin Insurance Group will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling at The Baldwin Insurance Group

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