JPMorgan Chase & Co. Issues Pessimistic Forecast for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective lowered by JPMorgan Chase & Co. from $47.00 to $46.00 in a report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company restated an “underweight” rating and issued a $41.00 target price (down previously from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. Finally, Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

The Baldwin Insurance Group Stock Up 2.3 %

Shares of NASDAQ BWIN opened at $38.14 on Friday. The Baldwin Insurance Group has a one year low of $21.70 and a one year 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 firm’s 50 day simple moving average is $44.09 and its two-hundred day simple moving average is $44.16. The stock has a market capitalization of $4.48 billion, a P/E ratio of -59.59, a PEG ratio of 1.27 and a beta of 1.58.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly 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 Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business had revenue of $339.90 million for the quarter, compared to the consensus estimate of $346.43 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts expect that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 20.14% of the stock is currently owned by company insiders.

Institutional Trading of The Baldwin Insurance Group

Large investors have recently added to or reduced their stakes in the stock. Peapack Gladstone Financial Corp bought a new stake in The Baldwin Insurance Group in the third quarter valued at $263,000. Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at $16,747,000. Lord Abbett & CO. LLC bought a new stake in The Baldwin Insurance Group in the third quarter valued at $29,447,000. Finally, JPMorgan Chase & Co. boosted its holdings in The Baldwin Insurance Group by 1,946.7% in the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after acquiring an additional 1,175,484 shares in the last quarter. Institutional investors own 77.49% 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.