The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Raised to $46.00 at Jefferies Financial Group

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price increased by Jefferies Financial Group from $38.00 to $46.00 in a report published on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms have also weighed in on BWIN. JPMorgan Chase & Co. boosted their price objective on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an overweight rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods boosted their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an outperform rating in a research note on Wednesday, August 7th. UBS Group lifted 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. Finally, Wells Fargo & Company lifted their target price on The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an equal weight rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $47.67.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $51.62 on Wednesday. The stock’s fifty day moving average is $46.35. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of -56.11, a P/E/G ratio of 1.39 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $52.83.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, sell-side analysts forecast that The Baldwin Insurance Group will post 1.11 EPS for the current year.

Insider Activity at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 150,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $42.17, for a total value of $6,325,500.00. Following the sale, the insider now owns 184,226 shares in the company, valued at approximately $7,768,810.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Bradford Hale sold 10,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total value of $414,900.00. Following the sale, the chief financial officer now owns 98,131 shares in the company, valued at approximately $4,071,455.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Morgan Roche sold 150,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $42.17, for a total value of $6,325,500.00. Following the transaction, the insider now directly owns 184,226 shares of the company’s stock, valued at $7,768,810.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 508,616 shares of company stock worth $21,947,676. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Company Profile

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.