The Baldwin Insurance Group (NASDAQ:BWIN) Sets New 1-Year High at $47.35

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s share price reached a new 52-week high on Thursday . The company traded as high as $47.35 and last traded at $46.73, with a volume of 13648 shares trading hands. The stock had previously closed at $46.84.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of research reports. UBS Group lifted their price target on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $34.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $43.60.

The Baldwin Insurance Group Stock Performance

The company’s 50 day simple moving average is $41.57. The company has a market cap of $5.41 billion, a P/E ratio of -50.00, a P/E/G ratio of 1.30 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The firm had revenue of $339.80 million for the quarter, compared to analysts’ expectations of $334.95 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. As a group, equities analysts forecast that The Baldwin Insurance Group, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In other The Baldwin Insurance Group news, insider Daniel Galbraith sold 75,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $46.33, for a total value of $3,474,750.00. Following the completion of the transaction, the insider now directly owns 6,285 shares of the company’s stock, valued at approximately $291,184.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider James Morgan Roche sold 36,684 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $41.96, for a total value of $1,539,260.64. Following the transaction, the insider now directly owns 396,815 shares in the company, valued at $16,650,357.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel Galbraith sold 75,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $46.33, for a total transaction of $3,474,750.00. Following the sale, the insider now owns 6,285 shares of the company’s stock, valued at $291,184.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 508,616 shares of company stock valued at $21,947,676. 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.