Wells Fargo & Company Has Lowered Expectations for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price cut by stock analysts at Wells Fargo & Company from $46.00 to $43.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 3.85% from the company’s previous close.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price objective on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Finally, UBS Group increased their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.17.

The Baldwin Insurance Group Stock Performance

BWIN opened at $44.72 on Tuesday. The company’s 50 day simple moving average is $49.12. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $55.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $5.26 billion, a PE ratio of -55.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. As a group, analysts predict that The Baldwin Insurance Group will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other news, insider James Morgan Roche sold 2,547 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total transaction of $105,573.15. Following the transaction, the insider now owns 245,817 shares in the company, valued at $10,189,114.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Lowry Baldwin sold 20,000 shares of The Baldwin Insurance Group stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $41.36, for a total transaction of $827,200.00. Following the completion of the sale, the director now owns 80,000 shares of the company’s stock, valued at $3,308,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Morgan Roche sold 2,547 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total value of $105,573.15. Following the completion of the sale, the insider now owns 245,817 shares in the company, valued at approximately $10,189,114.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 468,149 shares of company stock worth $20,247,146. Insiders own 20.14% of the company’s stock.

About The Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.