The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Lowered to $38.00 at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target reduced by equities research analysts at Wells Fargo & Company from $41.00 to $38.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 3.18% from the stock’s current price.

BWIN has been the subject of a number of other research reports. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group upped their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $45.50.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN traded up $0.42 during trading on Tuesday, hitting $36.83. 38,672 shares of the company were exchanged, compared to its average volume of 527,020. The firm’s fifty day moving average price is $42.75 and its 200 day moving average price is $44.41. 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 has a market cap of $4.33 billion, a price-to-earnings ratio of -57.55, a PEG ratio of 1.27 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 posted its earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. On average, sell-side analysts expect that The Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new stake in shares of The Baldwin Insurance Group in the third quarter worth approximately $29,447,000. JPMorgan Chase & Co. lifted its position in The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of The Baldwin Insurance Group during the 3rd quarter valued at $263,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $16,747,000. Finally, Diversified Trust Co acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $788,000. Institutional investors and hedge funds own 77.49% 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.