The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Lowered to $43.00 at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target trimmed by Wells Fargo & Company from $46.00 to $43.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts have also issued reports on the stock. Jefferies Financial Group upped their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their target price on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. UBS Group upped their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.17.

The Baldwin Insurance Group Stock Performance

BWIN stock opened at $40.66 on Tuesday. 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 company’s 50-day moving average is $49.16. The firm has a market cap of $4.78 billion, a P/E ratio of -50.83, a P/E/G ratio of 1.23 and a beta of 1.60. The Baldwin Insurance Group has a 52-week low of $17.33 and a 52-week high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. As a group, sell-side analysts forecast that The Baldwin Insurance Group will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $46.74, for a total value of $2,337,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other The Baldwin Insurance Group news, insider James Morgan Roche sold 150,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $42.17, for a total transaction of $6,325,500.00. Following the sale, the insider now directly owns 184,226 shares of the company’s stock, valued at $7,768,810.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $46.74, for a total transaction of $2,337,000.00. The disclosure for this sale can be found here. Insiders sold 508,616 shares of company stock valued at $21,947,676 in the last three months. 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.