The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Short Interest Up 18.7% in October

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,750,000 shares, an increase of 18.7% from the October 15th total of 3,160,000 shares. Based on an average trading volume of 628,600 shares, the short-interest ratio is presently 6.0 days. Currently, 5.6% of the shares of the stock are sold short.

The Baldwin Insurance Group Stock Performance

Shares of BWIN traded down $0.46 during mid-day trading on Friday, hitting $43.93. 468,252 shares of the company’s stock were exchanged, compared to its average volume of 1,010,294. The company has a 50-day moving average of $48.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $55.82. The company has a market capitalization of $5.17 billion, a P/E ratio of -68.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.60.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly 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 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 analysts’ expectations of $346.43 million. During the same period in the prior year, the business earned $0.15 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that The Baldwin Insurance Group will post 1.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods upped their price objective 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. 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. Jefferies Financial Group increased their price target on shares of 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. Finally, JPMorgan Chase & Co. upped 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, The Baldwin Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $47.17.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 75,380 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $42.79, for a total value of $3,225,510.20. Following the completion of the sale, the insider now owns 108,846 shares in the company, valued at approximately $4,657,520.34. This represents a 40.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lowry Baldwin sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $46.74, for a total value of $2,337,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,380 shares of company stock worth $9,037,260. Company 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.