Baldwin Insurance Group (NASDAQ:BWIN) Posts Earnings Results, Beats Expectations By $0.02 EPS

Baldwin Insurance Group (NASDAQ:BWIN) posted its quarterly earnings data on Thursday. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02, FiscalAI reports. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business had revenue of $492.94 million for the quarter, compared to analyst estimates of $492.33 million. During the same quarter last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. Baldwin Insurance Group updated its Q3 2026 guidance to 0.420-0.460 EPS.

Here are the key takeaways from Baldwin Insurance Group’s conference call:

• Second-quarter profitability and cash flow improved materially: revenue reached $493 million, adjusted EBITDA rose 37% to $117 million, and adjusted free cash flow increased 437% year over year to $46 million.
• Management said underlying organic growth was approximately 8% after adjusting for partnerships and temporary accounting and integration headwinds, and expects growth to accelerate to high-single digits or better in the fourth quarter.
• The CAC partnership continued to outperform, with second-quarter revenue growth of 23%, sales velocity of 59%, retention above 92%, and more than $100 million of closed-won new business including future effective dates.
• Full-year guidance remains largely unchanged at mid-single-digit organic revenue growth, while third-quarter guidance calls for $485 million–$495 million of revenue, $105 million–$110 million of adjusted EBITDA, and adjusted EPS of $0.42–$0.46.
• The company reported a GAAP net loss of $39 million, while legacy IAS faces approximately $4 million–$5 million of additional revenue impact in the second half from integration-related personnel changes; net leverage also rose to roughly 4.5 times after an $80 million share repurchase, and further buybacks are currently paused.

Baldwin Insurance Group Trading Down 5.4%

Shares of NASDAQ BWIN traded down $1.53 on Thursday, reaching $26.69. 1,077,725 shares of the company traded hands, compared to its average volume of 1,637,527. The stock has a market capitalization of $3.81 billion, a PE ratio of -39.84, a P/E/G ratio of 1.03 and a beta of 1.08. Baldwin Insurance Group has a fifty-two week low of $15.88 and a fifty-two week high of $37.44. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $23.47 and a 200 day moving average of $22.28.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of hedge funds have recently made changes to their positions in BWIN. Nuveen LLC increased its holdings in shares of Baldwin Insurance Group by 1.6% during the 4th quarter. Nuveen LLC now owns 242,887 shares of the company’s stock worth $5,837,000 after buying an additional 3,907 shares during the last quarter. Swiss National Bank boosted its holdings in Baldwin Insurance Group by 5.2% in the third quarter. Swiss National Bank now owns 137,000 shares of the company’s stock valued at $3,865,000 after acquiring an additional 6,800 shares during the last quarter. California State Teachers Retirement System grew its position in Baldwin Insurance Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock valued at $2,650,000 after acquiring an additional 555 shares during the period. Russell Investments Group Ltd. grew its position in Baldwin Insurance Group by 23.8% during the third quarter. Russell Investments Group Ltd. now owns 84,967 shares of the company’s stock valued at $2,397,000 after acquiring an additional 16,331 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Baldwin Insurance Group by 0.9% during the third quarter. Alliancebernstein L.P. now owns 82,834 shares of the company’s stock worth $2,337,000 after acquiring an additional 715 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

BWIN has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Baldwin Insurance Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley set a $28.00 target price on shares of Baldwin Insurance Group in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Baldwin Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.