The Baldwin Insurance Group (NASDAQ:BWIN) Upgraded by William Blair to Outperform

William Blair upgraded shares of The Baldwin Insurance Group (NASDAQ:BWIN) from a market perform rating to an outperform rating in a research note released on Thursday, MarketBeat.com reports.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group boosted their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. UBS Group boosted their price target on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company upped their price objective on The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.67.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $54.78 on Thursday. The business’s fifty day moving average is $47.73. The company has a market cap of $6.44 billion, a price-to-earnings ratio of -59.54, a PEG ratio of 1.39 and a beta of 1.59. 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 Baldwin Insurance Group has a one year low of $17.33 and a one year high of $55.82.

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

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 150,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $42.17, for a total value of $6,325,500.00. Following the completion of the transaction, the insider now owns 184,226 shares of the company’s stock, valued at $7,768,810.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider James Morgan Roche sold 150,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $42.17, for a total transaction of $6,325,500.00. Following the sale, the insider now directly owns 184,226 shares in the company, valued at approximately $7,768,810.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 508,616 shares of company stock valued at $21,947,676 in the last 90 days. 20.14% of the stock is owned by corporate insiders.

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.