Wells Fargo & Company Cuts The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $43.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target reduced by Wells Fargo & Company from $46.00 to $43.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities analysts have also recently issued reports on the company. 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, October 9th. Keefe, Bruyette & Woods increased their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted 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. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.17.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN opened at $46.07 on Tuesday. The business’s fifty day moving average is $49.07. The Baldwin Insurance Group has a 1-year low of $17.33 and a 1-year high of $55.82. 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 firm has a market capitalization of $5.42 billion, a P/E ratio of -71.98, a PEG ratio of 1.25 and a beta of 1.60.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.55% and a negative net margin of 2.89%. The firm had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Analysts anticipate that The Baldwin Insurance Group will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 150,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $42.17, for a total transaction of $6,325,500.00. Following the completion of the transaction, the insider now directly owns 184,226 shares in the company, valued at approximately $7,768,810.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Lowry Baldwin sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $41.36, for a total value of $827,200.00. Following the sale, the director now directly owns 80,000 shares in the company, valued at $3,308,800. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Morgan Roche sold 150,000 shares of The Baldwin Insurance Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $42.17, for a total value of $6,325,500.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 468,149 shares of company stock worth $20,247,146 in the last three months. Corporate 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.