The Baldwin Insurance Group (NASDAQ:BWIN) Upgraded by William Blair to “Outperform”

The Baldwin Insurance Group (NASDAQ:BWIN) was upgraded by equities researchers at William Blair from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, FinViz reports.

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

The Baldwin Insurance Group Trading Up 0.6 %

NASDAQ:BWIN opened at $52.90 on Thursday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of -57.50, a PEG ratio of 1.39 and a beta of 1.59. The Baldwin Insurance Group has a 52 week low of $17.33 and a 52 week high of $53.29. 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 $47.20.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping 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 analyst estimates of $334.95 million. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts predict that The Baldwin Insurance Group will post 1.11 EPS for the current fiscal year.

Insider Activity at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $42.17, for a total value of $6,325,500.00. Following the completion of the sale, the insider now directly owns 184,226 shares in the company, valued at approximately $7,768,810.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Bradford Hale sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total transaction of $414,900.00. Following the completion of the transaction, the chief financial officer now directly owns 98,131 shares in the company, valued at $4,071,455.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Morgan Roche sold 150,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $42.17, for a total transaction of $6,325,500.00. Following the completion of the sale, the insider now owns 184,226 shares in the company, valued at $7,768,810.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 508,616 shares of company stock valued at $21,947,676. 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.