The Baldwin Insurance Group (NASDAQ:BWIN) Sets New 52-Week High – Still a Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.26 and last traded at $53.15, with a volume of 69107 shares traded. The stock had previously closed at $52.58.

Analyst Ratings Changes

Several equities analysts recently commented on BWIN shares. Wells Fargo & Company increased their target price on shares of The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. UBS Group lifted their price target on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group increased their price objective on 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. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.67.

The Baldwin Insurance Group Trading Up 4.5 %

The stock’s fifty day moving average price is $47.47. The firm has a market cap of $6.50 billion, a P/E ratio of -60.10, a PEG ratio of 1.39 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.98 and a current ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) 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 previous year, the firm earned $0.03 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, research analysts predict that The Baldwin Insurance Group, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Bradford Hale sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the sale, the chief financial officer now directly owns 98,131 shares of the company’s stock, valued at approximately $4,071,455.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Lowry Baldwin sold 20,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $41.36, for a total transaction of $827,200.00. Following the sale, the director now directly owns 80,000 shares in the company, valued at $3,308,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bradford Hale sold 10,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the transaction, the chief financial officer now owns 98,131 shares of the company’s stock, valued at approximately $4,071,455.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 508,616 shares of company stock worth $21,947,676. 20.14% of the stock is currently owned by corporate 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.