UBS Group Lowers Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $40.00

Baldwin Insurance Group (NASDAQ:BWIN) had its price objective lowered by equities research analysts at UBS Group from $44.00 to $40.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 99.90% from the stock’s current price.

Several other research firms have also commented on BWIN. Wells Fargo & Company reduced their price target on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. Wall Street Zen upgraded Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Raymond James Financial upgraded Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $20.00 to $30.00 in a research report on Friday, February 27th. Zacks Research lowered Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, BMO Capital Markets lowered their price target on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.00.

Baldwin Insurance Group Trading Down 4.9%

NASDAQ:BWIN traded down $1.02 during trading hours on Monday, hitting $20.01. The company had a trading volume of 2,024,113 shares, compared to its average volume of 1,589,504. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. Baldwin Insurance Group has a 1 year low of $15.88 and a 1 year high of $47.15. The company has a 50-day moving average of $22.00 and a 200 day moving average of $25.40. The company has a market cap of $2.37 billion, a P/E ratio of -40.84, a P/E/G ratio of 0.76 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $347.28 million during the quarter, compared to analysts’ expectations of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. Baldwin Insurance Group’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share. Sell-side analysts expect that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 119,987 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $21.25, for a total value of $2,549,723.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Eugene Sparks purchased 15,200 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the completion of the purchase, the director directly owned 996,706 shares of the company’s stock, valued at $22,027,202.60. This represents a 1.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 359,987 shares of company stock worth $8,292,524. Insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC grew its position in Baldwin Insurance Group by 666.5% in the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after acquiring an additional 1,053 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Baldwin Insurance Group during the second quarter worth about $30,000. Dorato Capital Management purchased a new position in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Baldwin Insurance Group in the third quarter valued at approximately $39,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.