Baldwin Insurance Group (NASDAQ:BWIN) Shares Down 4.8% – Should You Sell?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s share price traded down 4.8% on Monday . The stock traded as low as $27.01 and last traded at $27.0550. 323,965 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 1,692,017 shares. The stock had previously closed at $28.41.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BWIN shares. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Morgan Stanley set a $28.00 target price on Baldwin Insurance Group in a research note on Monday, June 22nd. Keefe, Bruyette & Woods dropped their target price on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company lifted their price target on Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, June 24th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.89.

Baldwin Insurance Group Price Performance

The stock has a market cap of $3.87 billion, a PE ratio of -40.39, a PEG ratio of 1.01 and a beta of 1.08. The business’s 50-day simple moving average is $21.45 and its 200-day simple moving average is $21.98. 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 posted its earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. On average, research analysts expect that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BWIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Baldwin Insurance Group by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock valued at $1,795,000 after buying an additional 2,309 shares during the period. Millennium Management LLC boosted its position in Baldwin Insurance Group by 371.9% during the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock valued at $11,384,000 after acquiring an additional 200,754 shares in the last quarter. NewEdge Advisors LLC boosted its position in Baldwin Insurance Group by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after acquiring an additional 700 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock worth $16,964,000 after acquiring an additional 13,058 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Baldwin Insurance Group by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after acquiring an additional 11,768 shares during the period. 77.49% of the stock is currently owned by institutional investors.

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.