The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $49.00 by Analysts at Keefe, Bruyette & Woods

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target reduced by Keefe, Bruyette & Woods from $50.00 to $49.00 in a report published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Wells Fargo & Company reissued an “underweight” rating and issued a $41.00 price objective (down from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. William Blair raised 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 objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Baldwin Insurance Group has an average rating of “Moderate Buy” and an average target price of $46.00.

The Baldwin Insurance Group Trading Down 2.0 %

The Baldwin Insurance Group stock opened at $35.72 on Friday. The firm has a market cap of $4.20 billion, a PE ratio of -55.81, a P/E/G ratio of 1.27 and a beta of 1.64. The Baldwin Insurance Group has a 12 month low of $21.70 and a 12 month high of $55.82. The stock’s 50 day simple moving average is $42.95 and its two-hundred day simple moving average is $44.26. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The firm had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. During the same period last year, the company posted $0.15 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts anticipate that The Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the sale, the insider now directly owns 232,570 shares in the company, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWIN. JPMorgan Chase & Co. raised its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after acquiring an additional 1,175,484 shares during the period. Peapack Gladstone Financial Corp purchased a new position in The Baldwin Insurance Group during the third quarter worth about $263,000. Diversified Trust Co purchased a new position in The Baldwin Insurance Group during the fourth quarter worth about $788,000. Lord Abbett & CO. LLC acquired a new position in The Baldwin Insurance Group in the 3rd quarter valued at about $29,447,000. Finally, Confluence Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $16,747,000. Institutional investors and hedge funds 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.