Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.00.

Several equities research analysts have issued reports on BWIN shares. Bank of America lowered their price objective on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets raised their target price on shares of Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 23rd. UBS Group decreased their price target on shares of Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Wells Fargo & Company boosted their price target on Baldwin Insurance Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target on Baldwin Insurance Group from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, July 13th.

Baldwin Insurance Group Price Performance

BWIN opened at $27.40 on Tuesday. The business has a fifty day moving average of $23.00 and a 200 day moving average of $22.24. The stock has a market cap of $3.91 billion, a P/E ratio of -40.89, a PEG ratio of 0.95 and a beta of 1.08. 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 has a 52-week low of $15.88 and a 52-week high of $40.95.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $532.24 million for 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 quarter last year, the business posted $0.65 earnings per share. As a group, sell-side analysts anticipate that Baldwin Insurance Group will post 1.38 EPS for the current year.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’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 document filed with the SEC, which is accessible through this link. Insiders own 15.80% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Baldwin Insurance Group by 238.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company’s stock valued at $28,000 after purchasing an additional 900 shares during the period. Larson Financial Group LLC lifted its position 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 worth $29,000 after purchasing an additional 1,053 shares during the period. Versant Capital Management Inc lifted its position in shares of Baldwin Insurance Group by 43.3% in the 2nd quarter. Versant Capital Management Inc now owns 1,201 shares of the company’s stock worth $32,000 after purchasing an additional 363 shares during the period. Dorato Capital Management bought a new position in shares of Baldwin Insurance Group during the fourth quarter valued at approximately $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Baldwin Insurance Group during the third quarter valued at approximately $39,000. 77.49% of the stock is owned by hedge funds and other 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.