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

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $46.83.

Several analysts have commented on the company. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company restated an “underweight” rating and set a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. Jefferies Financial Group increased their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th.

Insider Activity at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

An institutional investor recently bought a new position in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC purchased a new stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned approximately 0.50% of The Baldwin Insurance Group at the end of the most recent reporting period. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Trading Up 0.7 %

NASDAQ BWIN opened at $39.75 on Monday. The firm’s fifty day moving average price is $46.89 and its 200 day moving average price is $43.97. The Baldwin Insurance Group has a 12 month low of $21.70 and a 12 month high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of -62.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly 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 firm 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%. During the same quarter in the prior year, the business earned $0.15 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that The Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal 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.