The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $47.17 Consensus Price Target from Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $47.17.

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company dropped their price objective on shares of The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th.

The Baldwin Insurance Group Trading Up 0.4 %

NASDAQ BWIN opened at $48.96 on Thursday. The company has a market capitalization of $5.76 billion, a PE ratio of -76.50, a PEG ratio of 1.42 and a beta of 1.60. The Baldwin Insurance Group has a 12 month low of $17.33 and a 12 month high of $55.82. The business has a 50-day moving average of $48.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, November 4th. The company reported $0.33 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 positive return on equity of 10.57% and a negative net margin of 2.89%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. As a group, sell-side analysts forecast that The Baldwin Insurance Group will post 1.03 earnings per share for the current year.

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.