The Baldwin Insurance Group (NASDAQ:BWIN) Trading Up 3.8% – Time to Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s stock price rose 3.8% on Thursday . The company traded as high as $55.14 and last traded at $54.92. Approximately 31,668 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 416,883 shares. The stock had previously closed at $52.90.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” 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 note on Thursday. Jefferies Financial Group boosted their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. UBS Group increased their price objective on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company boosted their target price on shares of 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $47.67.

The Baldwin Insurance Group Price Performance

The firm has a fifty day moving average price of $47.73. The stock has a market capitalization of $6.44 billion, a PE ratio of -59.54, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.34.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $339.80 million during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. As a group, equities analysts expect that The Baldwin Insurance Group, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 3,783 shares of The Baldwin Insurance Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $42.63, for a total transaction of $161,269.29. Following the completion of the transaction, the general counsel now owns 8,813 shares in the company, valued at approximately $375,698.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Lowry Baldwin sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $41.36, for a total value of $827,200.00. Following the completion of the transaction, the director now owns 80,000 shares of the company’s stock, valued at approximately $3,308,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Seth Bala Cohen sold 3,783 shares of The Baldwin Insurance Group 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 completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 508,616 shares of company stock valued at $21,947,676. 20.14% of the stock is owned by 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.