Baldwin Insurance Group (NASDAQ:BWIN) Shares Gap Up – Time to Buy?

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) gapped up before the market opened on Monday . The stock had previously closed at $22.03, but opened at $23.25. Baldwin Insurance Group shares last traded at $22.4350, with a volume of 159,983 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on BWIN shares. Zacks Research downgraded shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Wells Fargo & Company boosted their price target on shares of Baldwin Insurance Group from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Bank of America dropped their price target on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.13.

Baldwin Insurance Group Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. The business’s fifty day moving average is $21.91 and its 200 day moving average is $23.26. The firm has a market capitalization of $3.10 billion, a P/E ratio of -44.27, a P/E/G ratio of 0.85 and a beta of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The business had revenue of $347.28 million for the quarter, compared to the consensus estimate of $351.75 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts forecast that Baldwin Insurance Group, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling

In other Baldwin Insurance Group news, Director Paul Eugene Sparks bought 15,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of $22.10 per share, for a total transaction of $335,920.00. Following the acquisition, the director directly owned 996,706 shares of the company’s stock, valued at $22,027,202.60. This trade represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. Additional details regarding this sale are available in the official SEC disclosure. 18.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of Baldwin Insurance Group by 666.5% in the fourth quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after acquiring an additional 1,053 shares in the last quarter. Dorato Capital Management purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Baldwin Insurance Group in the third quarter worth approximately $39,000. Wealth Preservation Advisors LLC purchased a new position in shares of Baldwin Insurance Group in the fourth quarter worth approximately $46,000. Finally, AlphaQuest LLC increased its position in shares of Baldwin Insurance Group by 249.2% in the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock worth $55,000 after acquiring an additional 1,393 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

About Baldwin Insurance Group

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.