The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $47.17.

A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Jefferies Financial Group lifted their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. 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. JPMorgan Chase & Co. boosted their price objective on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, UBS Group boosted their price target on The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $48.76 on Thursday. The company has a market cap of $5.73 billion, a PE ratio of -76.19, a PEG ratio of 1.41 and a beta of 1.60. The business’s 50-day simple moving average is $48.89. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.33 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 negative net margin of 2.89% and a positive return on equity of 10.57%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. On average, analysts anticipate that The Baldwin Insurance Group will post 1.03 earnings per share for the current fiscal year.

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 on Friday, August 30th. The stock was sold at an average price of $46.74, for a total transaction of $2,337,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.14% 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.