The Baldwin Insurance Group (NASDAQ:BWIN) Announces Earnings Results

The Baldwin Insurance Group (NASDAQ:BWIN) issued its earnings results on Monday. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01), Briefing.com reports. The firm had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share.

The Baldwin Insurance Group Stock Down 23.9 %

Shares of NASDAQ BWIN opened at $35.12 on Tuesday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -57.71, a P/E/G ratio of 1.23 and a beta of 1.60. 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 has a 50-day simple moving average of $49.25. The Baldwin Insurance Group has a twelve month low of $17.33 and a twelve month high of $55.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BWIN shares. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Jefferies Financial Group raised their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their target price on The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, UBS Group increased their price objective on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.67.

Insider Buying and Selling

In other news, insider James Morgan Roche sold 36,684 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $41.96, for a total value of $1,539,260.64. Following the transaction, the insider now owns 396,815 shares of the company’s stock, valued at $16,650,357.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 3,783 shares of the company’s 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 sale, the general counsel now owns 8,813 shares of the company’s stock, valued at $375,698.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Morgan Roche sold 36,684 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 $41.96, for a total transaction of $1,539,260.64. Following the transaction, the insider now directly owns 396,815 shares in the company, valued at $16,650,357.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 508,616 shares of company stock worth $21,947,676. 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.