Baldwin Insurance Group (NASDAQ:BWIN) Trading 4.4% Higher – Still a Buy?

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) traded up 4.4% during mid-day trading on Friday . The company traded as high as $22.13 and last traded at $22.0450. 1,156,985 shares were traded during trading, a decline of 29% from the average session volume of 1,629,914 shares. The stock had previously closed at $21.12.

Analyst Ratings Changes

Several equities analysts have commented on the company. Zacks Research downgraded Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. UBS Group lowered their target price on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Raymond James Financial upgraded shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $20.00 to $30.00 in a report on Friday, February 27th. Wall Street Zen raised shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.00.

Baldwin Insurance Group Trading Up 2.5%

The firm has a market capitalization of $2.57 billion, a P/E ratio of -44.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. The stock has a 50-day simple moving average of $21.27 and a two-hundred day simple moving average of $24.76. 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 (NASDAQ:BWIN) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $347.28 million for the quarter, compared to the consensus estimate of $351.75 million. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. On average, equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Eugene Sparks acquired 29,000 shares of Baldwin Insurance Group stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average cost of $22.96 per share, with a total value of $665,840.00. Following the purchase, the director directly owned 981,506 shares of the company’s stock, valued at $22,535,377.76. This represents a 3.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 18.51% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its holdings in shares of 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 during the period. Dorato Capital Management purchased a new position in shares of Baldwin Insurance Group in the 4th quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Baldwin Insurance Group in the 3rd quarter worth approximately $39,000. Wealth Preservation Advisors LLC bought a new position in shares of Baldwin Insurance Group during the 4th quarter worth approximately $46,000. Finally, AlphaQuest LLC lifted its position in Baldwin Insurance Group by 249.2% during the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after acquiring an additional 1,393 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

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.