The Baldwin Insurance Group (NASDAQ:BWIN) PT Raised to $54.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective hoisted by JPMorgan Chase & Co. from $45.00 to $54.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

BWIN has been the subject of several other reports. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a hold rating in a research report on Wednesday, October 9th. UBS Group lifted their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a buy rating in a research report on Tuesday, August 13th. Wells Fargo & Company increased their price target on shares of The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an equal weight rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an outperform rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $47.67.

The Baldwin Insurance Group Trading Up 0.2 %

Shares of BWIN opened at $51.62 on Thursday. The firm has a 50-day moving average of $46.55. The Baldwin Insurance Group has a 12-month low of $17.33 and a 12-month high of $52.83. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of -56.11, a P/E/G ratio of 1.39 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The business had revenue of $339.80 million for the quarter, compared to the consensus estimate of $334.95 million. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Equities research analysts forecast that The Baldwin Insurance Group will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Seth Bala Cohen sold 3,783 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at $375,698.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 3,783 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $42.63, for a total transaction of $161,269.29. Following the sale, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $375,698.19. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lowry Baldwin sold 50,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $46.74, for a total transaction of $2,337,000.00. The disclosure for this sale can be found here. Insiders sold 508,616 shares of company stock worth $21,947,676 over the last 90 days. 20.14% of the stock is owned by insiders.

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.