The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. 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. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $45.50.

A number of equities research analysts recently weighed in on BWIN shares. 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 report on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company cut their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target 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. Finally, 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.

The Baldwin Insurance Group Price Performance

BWIN stock opened at $41.30 on Friday. 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 company’s 50-day moving average is $42.26 and its 200-day moving average is $44.56. The stock has a market capitalization of $4.86 billion, a PE ratio of -64.53, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The Baldwin Insurance Group has a 1 year low of $21.70 and a 1 year high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 20.14% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $33,000. Flagship Harbor Advisors LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $200,000. Cetera Trust Company N.A purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $212,000. Peapack Gladstone Financial Corp purchased a new stake in The Baldwin Insurance Group in the third quarter worth $263,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $269,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

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.