The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.67.

A number of equities research analysts have commented on BWIN shares. UBS Group raised their price target on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Wells Fargo & Company raised their price objective on The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on 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 lifted 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 research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

The Baldwin Insurance Group Trading Up 0.6 %

BWIN stock opened at $52.58 on Wednesday. The Baldwin Insurance Group has a 1-year low of $17.33 and a 1-year high of $53.13. 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 stock has a 50-day simple moving average of $46.99. The company has a market cap of $6.18 billion, a price-to-earnings ratio of -57.15, a PEG ratio of 1.39 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $339.80 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. On average, analysts forecast that The Baldwin Insurance Group will post 1.11 earnings per share for the current year.

Insider Transactions at The Baldwin Insurance Group

In related news, insider Daniel Galbraith sold 75,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $46.33, for a total transaction of $3,474,750.00. Following the transaction, the insider now directly owns 6,285 shares of the company’s stock, valued at $291,184.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Bradford Hale sold 10,000 shares of The Baldwin Insurance Group stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total transaction of $414,900.00. Following the sale, the chief financial officer now directly owns 98,131 shares in the company, valued at $4,071,455.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Galbraith sold 75,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $46.33, for a total transaction of $3,474,750.00. Following the completion of the transaction, the insider now directly owns 6,285 shares in the company, valued at $291,184.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 508,616 shares of company stock worth $21,947,676 in the last quarter. 20.14% of the stock is currently owned by corporate 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.