UBS Group Issues Pessimistic Forecast for Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

Baldwin Insurance Group (NASDAQ:BWIN) had its price target dropped by investment analysts at UBS Group from $40.00 to $35.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 78.53% from the stock’s previous close.

BWIN has been the topic of several other reports. JPMorgan Chase & Co. reduced their price objective on Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Friday, March 27th. TD Cowen started coverage on Baldwin Insurance Group in a research note on Wednesday, February 25th. They set a “buy” rating on the stock. Raymond James Financial raised shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $20.00 to $30.00 in a research note on Friday, February 27th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Baldwin Insurance Group presently has a consensus rating of “Hold” and an average target price of $29.63.

Baldwin Insurance Group Trading Up 1.9%

BWIN stock traded up $0.37 during trading on Tuesday, hitting $19.61. The company had a trading volume of 278,314 shares, compared to its average volume of 1,590,744. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $45.16. The company has a 50 day simple moving average of $21.56 and a 200-day simple moving average of $22.40. The firm has a market capitalization of $2.80 billion, a P/E ratio of -29.18, a PEG ratio of 0.76 and a beta of 1.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.51.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The company had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. Baldwin Insurance Group’s revenue was up 28.7% on a year-over-year basis. As a group, research analysts forecast that Baldwin Insurance Group will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.51% of the stock is owned by company insiders.

Institutional Trading of Baldwin Insurance Group

Several hedge funds have recently modified their holdings of BWIN. William Blair Investment Management LLC grew its position in shares of Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after buying an additional 2,439,118 shares during the last quarter. Vanguard Group Inc. lifted its position in Baldwin Insurance Group by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock valued at $164,651,000 after acquiring an additional 287,241 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Baldwin Insurance Group by 36.3% in the first quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock valued at $85,963,000 after acquiring an additional 1,044,200 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in Baldwin Insurance Group by 20.3% in the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock worth $110,467,000 after purchasing an additional 659,433 shares during the last quarter. Finally, Capital International Investors increased its position in shares of Baldwin Insurance Group by 15.0% during the fourth quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock worth $86,944,000 after purchasing an additional 472,703 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

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.