The Baldwin Insurance Group (NASDAQ:BWIN) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

The Baldwin Insurance Group (NASDAQ:BWIN) issued its quarterly earnings data on Monday. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01), Briefing.com reports. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The company had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue was up 11.0% on a year-over-year basis.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN traded down $6.62 on Tuesday, hitting $39.55. 2,216,895 shares of the company were exchanged, compared to its average volume of 452,001. 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 firm’s 50 day moving average price is $49.25. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $55.82. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of -44.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60.

Insider Buying and Selling

In other The Baldwin Insurance Group news, insider Daniel Galbraith sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was 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 owns 6,285 shares of the company’s stock, valued at $291,184.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other The Baldwin Insurance Group news, insider Daniel Galbraith sold 75,000 shares of The Baldwin Insurance Group stock in a transaction 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 in the company, valued at $291,184.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Morgan Roche sold 36,684 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the completion of the transaction, the insider now owns 396,815 shares of the company’s stock, valued at approximately $16,650,357.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 508,616 shares of company stock valued at $21,947,676 over the last three months. 20.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on BWIN shares. Jefferies Financial Group increased their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lowered their target price on shares of The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods boosted 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. JPMorgan Chase & Co. upped their price target on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.17.

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.