The Baldwin Insurance Group (NASDAQ:BWIN) Posts Earnings Results, Misses Expectations By $0.14 EPS

The Baldwin Insurance Group (NASDAQ:BWIN) issued its quarterly earnings results on Tuesday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.14), Zacks reports. 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 Stock Performance

Shares of NASDAQ:BWIN traded up $0.56 during trading on Tuesday, hitting $39.86. 559,174 shares of the company were exchanged, compared to its average volume of 465,970. The company has a market cap of $4.69 billion, a PE ratio of -62.28, a P/E/G ratio of 1.17 and a beta of 1.63. The Baldwin Insurance Group has a 52-week low of $26.08 and a 52-week high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50 day moving average of $39.82 and a 200 day moving average of $44.63.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company dropped their price objective on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their target price on 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 analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.14% of the stock is currently owned by insiders.

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.