Brokerages Set The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) PT at $46.83

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $46.83.

Several research analysts have recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, December 11th.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $38.84 on Monday. 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 firm has a market cap of $4.57 billion, a price-to-earnings ratio of -60.69, a PEG ratio of 1.27 and a beta of 1.58. The company has a fifty day moving average price of $45.45 and a 200-day moving average price of $44.01. 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 issued its earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business had revenue of $339.90 million for the quarter, compared to the consensus estimate of $346.43 million. During the same period in the previous year, the firm earned $0.15 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now owns 232,570 shares in the company, valued at $10,507,512.60. The trade was a 45.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

An institutional investor recently bought a new position in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned 0.50% of The Baldwin Insurance Group at the end of the most recent quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About The Baldwin Insurance Group

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.