The Baldwin Insurance Group (NASDAQ:BWIN) Receives “Underweight” Rating from Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Wells Fargo & Company in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $41.00 target price on the stock, down from their previous target price of $43.00. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.89% from the company’s previous close.

A number of other brokerages have also commented on BWIN. Jefferies Financial Group upped their target price 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. JPMorgan Chase & Co. increased their price objective 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. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, UBS Group increased their price target on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $46.83.

The Baldwin Insurance Group Stock Performance

BWIN opened at $41.79 on Wednesday. The Baldwin Insurance Group has a 12-month low of $20.81 and a 12-month high of $55.82. The firm has a market capitalization of $4.91 billion, a P/E ratio of -65.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.58. The stock’s 50 day moving average price is $48.20 and its two-hundred day moving average price is $43.60. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data 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 the consensus estimate of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities analysts forecast that The Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’s 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 filing with the SEC, which is available at this link. 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.