The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Short Interest Update

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 3,590,000 shares, a growth of 9.1% from the November 15th total of 3,290,000 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average daily volume of 671,500 shares, the short-interest ratio is currently 5.3 days.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BWIN. JPMorgan Chase & Co. boosted their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $41.00 target price (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. 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, Jefferies Financial Group upped their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.83.

The Baldwin Insurance Group Stock Down 0.2 %

Shares of The Baldwin Insurance Group stock traded down $0.07 on Monday, reaching $40.89. 209,700 shares of the company were exchanged, compared to its average volume of 481,750. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of -63.75, a PEG ratio of 1.27 and a beta of 1.58. The Baldwin Insurance Group has a one year low of $21.70 and a one year high of $55.82. The company has a 50-day moving average of $47.99 and a 200 day moving average of $43.78. 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 Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The Baldwin Insurance Group’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. On average, equities research analysts forecast that The Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Activity at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

An institutional investor recently bought a new position in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC acquired a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned about 0.50% of The Baldwin Insurance Group as of its most recent SEC filing. Hedge funds and other institutional investors own 77.49% 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.