Keefe, Bruyette & Woods Boosts The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $46.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target increased by stock analysts at Keefe, Bruyette & Woods from $40.00 to $46.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 9.73% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company upped their price target on The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group boosted their price objective on The Baldwin Insurance Group from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Raymond James reaffirmed a “strong-buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $42.40.

The Baldwin Insurance Group Stock Down 0.1 %

NASDAQ:BWIN traded down $0.06 during mid-day trading on Wednesday, reaching $41.92. 3,360 shares of the company were exchanged, compared to its average volume of 405,040. The Baldwin Insurance Group has a 12 month low of $17.33 and a 12 month high of $44.87. The stock has a market capitalization of $4.93 billion, a PE ratio of -45.63, a PEG ratio of 1.18 and a beta of 1.58. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s fifty day moving average is $37.40.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. The business had revenue of $339.80 million during the quarter, compared to analyst estimates of $334.95 million. During the same quarter last year, the business posted $0.03 earnings per share. The Baldwin Insurance Group’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Baldwin Insurance Group will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lowry Baldwin sold 125,000 shares of the company’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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.14% 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.