The Baldwin Insurance Group’s (BWIN) “Underweight” Rating Reaffirmed at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN)‘s stock had its “underweight” rating reaffirmed by stock analysts at Wells Fargo & Company in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $41.00 price target on the stock, down from their prior price target of $43.00. Wells Fargo & Company‘s price objective indicates a potential downside of 4.45% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised 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 report on Thursday, October 10th. 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 boosted their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, UBS Group raised their target price on 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.83.

The Baldwin Insurance Group Price Performance

BWIN stock opened at $42.91 on Wednesday. The Baldwin Insurance Group has a 1 year low of $19.07 and a 1 year high of $55.82. 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 stock has a market cap of $5.05 billion, a price-to-earnings ratio of -67.05, a P/E/G ratio of 1.40 and a beta of 1.58. The company has a 50 day simple moving average of $48.50 and a 200 day simple moving average of $43.62.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data 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 for 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 company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Research analysts anticipate that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

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.