Baldwin Insurance Group (NASDAQ:BWIN) Trading Down 3.7% – What’s Next?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s stock price dropped 3.7% on Wednesday . The company traded as low as $24.45 and last traded at $24.51. Approximately 376,212 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 785,198 shares. The stock had previously closed at $25.45.

Analyst Ratings Changes

BWIN has been the topic of a number of recent research reports. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. UBS Group cut their price target on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $28.00 price target on shares of Baldwin Insurance Group in a report on Monday, December 15th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.57.

Baldwin Insurance Group Stock Performance

The business has a 50 day moving average price of $25.15 and a 200 day moving average price of $31.01. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $2.91 billion, a PE ratio of -57.41, a PEG ratio of 1.21 and a beta of 1.35.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. As a group, equities research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Activity at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 100,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the completion of the transaction, the insider directly owned 122,113 shares in the company, valued at approximately $2,955,134.60. This represents a 45.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 255,000 shares of company stock valued at $6,119,000. Corporate insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several large investors have recently made changes to their positions in BWIN. Fiera Capital Corp acquired a new position in Baldwin Insurance Group in the second quarter valued at $33,346,000. Champlain Investment Partners LLC raised its stake in shares of Baldwin Insurance Group by 20.3% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after buying an additional 659,433 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Baldwin Insurance Group in the 3rd quarter worth about $14,177,000. Tributary Capital Management LLC grew its stake in Baldwin Insurance Group by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 815,452 shares of the company’s stock valued at $23,004,000 after acquiring an additional 391,847 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in Baldwin Insurance Group by 99.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 598,238 shares of the company’s stock valued at $16,876,000 after acquiring an additional 298,685 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.