The Baldwin Insurance Group (NASDAQ:BWIN) Sees Unusually-High Trading Volume – Here’s Why

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares saw unusually-high trading volume on Wednesday . Approximately 639,228 shares traded hands during trading, an increase of 50% from the previous session’s volume of 426,998 shares.The stock last traded at $50.35 and had previously closed at $50.49.

Analysts Set New Price Targets

Several brokerages have recently commented on BWIN. Jefferies Financial Group boosted their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods increased their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.67.

The Baldwin Insurance Group Stock Performance

The firm has a market cap of $5.78 billion, a P/E ratio of -54.88, a price-to-earnings-growth 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 business’s 50-day moving average price is $49.07.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The Baldwin Insurance Group’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. On average, analysts forecast that The Baldwin Insurance Group, Inc. will post 1.11 earnings per share for the current year.

Insider Activity at The Baldwin Insurance Group

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 shares were sold at an average price of $42.17, for a total value of $6,325,500.00. Following the completion of the sale, the insider now owns 184,226 shares of the company’s stock, valued at approximately $7,768,810.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $46.74, for a total value of $2,337,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Morgan Roche sold 150,000 shares of the firm’s stock in a transaction 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 approximately $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. Over the last quarter, insiders sold 508,616 shares of company stock worth $21,947,676. 20.14% of the stock is owned by insiders.

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.