The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $45.50 Consensus Target Price from Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $45.50.

Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Jefferies Financial Group upped 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. Finally, Keefe, Bruyette & Woods dropped their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 20.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of The Baldwin Insurance Group in the 3rd quarter valued at approximately $29,447,000. Confluence Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $16,747,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $5,115,000. Finally, HB Wealth Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $2,468,000. 77.49% of the stock is owned by institutional investors.

The Baldwin Insurance Group Trading Up 0.9 %

NASDAQ:BWIN opened at $41.23 on Friday. The stock’s 50 day moving average price is $42.41 and its 200 day moving average price is $44.52. The Baldwin Insurance Group has a 52 week low of $21.70 and a 52 week high of $55.82. The company has a market capitalization of $4.85 billion, a P/E ratio of -64.42, a P/E/G ratio of 0.82 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced 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 positive return on equity of 10.57% and a negative net margin of 2.89%. The company 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 company earned $0.15 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts forecast that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

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.