Keefe, Bruyette & Woods Has Lowered Expectations for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective cut by equities research analysts at Keefe, Bruyette & Woods from $50.00 to $49.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 37.18% from the company’s current price.

A number of other research analysts also recently issued reports on BWIN. JPMorgan Chase & Co. dropped their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company reiterated an “underweight” rating and set a $41.00 target price (down from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

The Baldwin Insurance Group Stock Performance

BWIN opened at $35.72 on Friday. The company has a market capitalization of $4.20 billion, a PE ratio of -55.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.64. The Baldwin Insurance Group has a 1 year low of $21.70 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 business has a fifty day simple moving average of $42.95 and a 200 day simple moving average of $44.34.

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 expect that The Baldwin Insurance Group will post 1.01 EPS for the current year.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $45.18, for a total value of $8,643,250.26. Following the sale, the insider now directly owns 232,570 shares in the company, valued at approximately $10,507,512.60. The trade was a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter valued at $2,000,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $5,115,000. Diversified Trust Co purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $788,000. Confluence Investment Management LLC bought a new position in The Baldwin Insurance Group in the fourth quarter worth about $16,747,000. Finally, Peapack Gladstone Financial Corp bought a new position in shares of The Baldwin Insurance Group during the 3rd quarter worth approximately $263,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

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.