The Baldwin Insurance Group (NASDAQ:BWIN) PT Raised to $46.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective lifted by Jefferies Financial Group from $38.00 to $46.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also recently issued reports on the company. UBS Group raised 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. Wells Fargo & Company lifted their price target on The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an equal weight rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an outperform rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of Moderate Buy and a consensus price target of $47.67.

The Baldwin Insurance Group Trading Up 0.2 %

Shares of BWIN stock opened at $51.62 on Wednesday. The firm has a market cap of $6.07 billion, a P/E ratio of -56.11, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average price of $46.55. The Baldwin Insurance Group has a twelve month low of $17.33 and a twelve month high of $52.83.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data 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 3.67% and a positive return on equity of 10.46%. The business had revenue of $339.80 million during the quarter, compared to analyst estimates of $334.95 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. As a group, research analysts predict that The Baldwin Insurance Group will post 1.11 earnings per share for the current year.

Insider Activity

In related news, insider James Morgan Roche sold 36,684 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the completion of the sale, the insider now owns 396,815 shares of the company’s stock, valued at approximately $16,650,357.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 3,783 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the transaction, the general counsel now directly owns 8,813 shares of the company’s stock, valued at $375,698.19. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Morgan Roche sold 36,684 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $41.96, for a total value of $1,539,260.64. Following the completion of the sale, the insider now directly owns 396,815 shares of the company’s stock, valued at $16,650,357.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 508,616 shares of company stock valued at $21,947,676 in the last three months. Corporate insiders own 20.14% of the company’s stock.

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.