JPMorgan Chase & Co. Boosts The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $54.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price upped by JPMorgan Chase & Co. from $45.00 to $54.00 in a report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently commented on BWIN. Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a hold rating in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an equal weight rating in a report on Thursday. UBS Group upped their price target on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a buy rating in a report on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods raised 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 research note 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $47.67.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN opened at $51.62 on Thursday. The stock has a market capitalization of $6.07 billion, a PE ratio of -56.11, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59. The Baldwin Insurance Group has a 1 year low of $17.33 and a 1 year high of $52.83. The business has a fifty day simple moving average of $46.55. 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 (NASDAQ:BWIN) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The company had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts predict that The Baldwin Insurance Group will post 1.11 EPS for the current year.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 3,783 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $42.63, for a total transaction of $161,269.29. Following the transaction, the general counsel now directly owns 8,813 shares in the company, valued at $375,698.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other The Baldwin Insurance Group news, insider James Morgan Roche sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $42.17, for a total transaction of $6,325,500.00. Following the sale, the insider now owns 184,226 shares in the company, valued at $7,768,810.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 3,783 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the completion of the transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $375,698.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 508,616 shares of company stock valued at $21,947,676. 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.