The Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 52-Week High on Analyst Upgrade

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s share price reached a new 52-week high on Monday after Keefe, Bruyette & Woods raised their price target on the stock from $34.00 to $40.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. The Baldwin Insurance Group traded as high as $36.26 and last traded at $36.26, with a volume of 260923 shares. The stock had previously closed at $35.47.

Separately, Raymond James reaffirmed a “strong-buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, May 22nd.

Insider Buying and Selling

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total value of $4,262,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 20.14% of the stock is currently owned by company insiders.

The Baldwin Insurance Group Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. The company had revenue of $380.37 million for the quarter, compared to the consensus estimate of $375.30 million. As a group, equities research analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.1 EPS 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.