Baldwin Insurance Group (NASDAQ:BWIN) Price Target Raised to $27.00

Baldwin Insurance Group (NASDAQ:BWIN) had its price objective lifted by Wells Fargo & Company from $25.00 to $27.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts also recently weighed in on BWIN. Jefferies Financial Group restated a “hold” rating and set a $28.00 price objective on shares of Baldwin Insurance Group in a report on Monday, December 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Monday, December 29th. UBS Group dropped their price target on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, BMO Capital Markets lowered their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.83.

Baldwin Insurance Group Stock Down 1.6%

Shares of NASDAQ:BWIN opened at $26.17 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. Baldwin Insurance Group has a 52-week low of $21.26 and a 52-week high of $47.15. The business’s 50 day simple moving average is $25.58 and its two-hundred day simple moving average is $29.85. The firm has a market cap of $3.11 billion, a P/E ratio of -60.86, a PEG ratio of 0.97 and a beta of 1.38.

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

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 80,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00. Following the completion of the sale, the insider owned 42,113 shares in the company, valued at approximately $1,011,975.39. This trade represents a 65.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 255,000 shares of company stock valued at $6,119,000. Corporate insiders own 18.51% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Institutional investors have recently modified their holdings of the business. Champlain Investment Partners LLC increased its position in shares of Baldwin Insurance Group by 20.3% during the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock valued at $110,467,000 after acquiring an additional 659,433 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Baldwin Insurance Group by 8.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after purchasing an additional 142,506 shares during the period. Geode Capital Management LLC increased its position in shares of Baldwin Insurance Group by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company’s stock valued at $72,604,000 after purchasing an additional 79,869 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Baldwin Insurance Group by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,514,115 shares of the company’s stock worth $42,713,000 after purchasing an additional 158,199 shares during the period. Finally, Capital World Investors raised its stake in shares of Baldwin Insurance Group by 24.8% during the 3rd quarter. Capital World Investors now owns 1,259,949 shares of the company’s stock worth $35,543,000 after purchasing an additional 250,000 shares during the period. 77.49% of the stock is owned by institutional investors.

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.