The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Rating of “Moderate Buy” by Brokerages

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $47.17.

A number of equities research analysts recently commented on BWIN shares. Wells Fargo & Company lowered their price target on The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Jefferies Financial Group upped their price objective on 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. UBS Group lifted their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock opened at $46.07 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $5.42 billion, a price-to-earnings ratio of -71.98, a price-to-earnings-growth ratio of 1.21 and a beta of 1.60. The company’s 50-day simple moving average is $49.07. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that The Baldwin Insurance Group will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 2,547 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total transaction of $105,573.15. Following the sale, the insider now owns 245,817 shares of the company’s stock, valued at $10,189,114.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Bradford Hale sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.49, for a total transaction of $414,900.00. Following the completion of the transaction, the chief financial officer now owns 98,131 shares of the company’s stock, valued at approximately $4,071,455.19. The trade was 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 accessible through the SEC website. Also, insider James Morgan Roche sold 2,547 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $41.45, for a total transaction of $105,573.15. Following the completion of the sale, the insider now owns 245,817 shares in the company, valued at $10,189,114.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 468,149 shares of company stock valued at $20,247,146. 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.