Analysts Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Price Target at $36.57

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $36.5714.

A number of equities analysts recently commented on BWIN shares. BMO Capital Markets decreased their target price on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Thursday, December 4th. Wells Fargo & Company upgraded Baldwin Insurance Group from an “underweight” rating to an “equal weight” rating and set a $25.00 price objective on the stock in a report on Friday, December 12th. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Finally, UBS Group decreased their price target on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, November 10th.

Insider Activity at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 100,000 shares of Baldwin Insurance Group stock in a transaction on Friday, December 12th. The shares were sold at an average price of $24.20, for a total value of $2,420,000.00. Following the transaction, the insider directly owned 122,113 shares of the company’s stock, valued at $2,955,134.60. The trade was a 45.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 255,000 shares of company stock valued at $6,119,000 over the last quarter. 20.14% of the stock is owned by insiders.

Institutional Trading of Baldwin Insurance Group

Several large investors have recently added to or reduced their stakes in BWIN. JPMorgan Chase & Co. boosted its stake in Baldwin Insurance Group by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company’s stock worth $42,713,000 after acquiring an additional 158,199 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Baldwin Insurance Group during the third quarter valued at approximately $211,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Baldwin Insurance Group during the third quarter valued at approximately $39,000. Dark Forest Capital Management LP bought a new stake in shares of Baldwin Insurance Group in the 3rd quarter worth approximately $1,468,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Baldwin Insurance Group by 46.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,630 shares of the company’s stock worth $2,557,000 after purchasing an additional 28,619 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN opened at $23.78 on Friday. The stock’s 50-day moving average is $25.16 and its 200 day moving average is $30.70. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of -55.30, a P/E/G ratio of 0.89 and a beta of 1.38. Baldwin Insurance Group has a 1-year low of $21.26 and a 1-year high of $47.15. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.33 earnings per share. On average, sell-side analysts anticipate that Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Baldwin Insurance Group Company Profile

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.