The Baldwin Insurance Group (NASDAQ:BWIN) Issues Earnings Results

The Baldwin Insurance Group (NASDAQ:BWIN) announced its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01, Briefing.com reports. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. The company had revenue of $339.80 million during the quarter, compared to the consensus estimate of $334.95 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year.

The Baldwin Insurance Group Trading Up 2.4 %

Shares of The Baldwin Insurance Group stock traded up $1.00 on Wednesday, reaching $42.50. 603,151 shares of the company were exchanged, compared to its average volume of 407,527. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $44.87. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of -46.20, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day simple moving average of $37.24.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 125,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total transaction of $4,262,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 20.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods increased their price target on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday. Raymond James reissued a “strong-buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, May 22nd. Finally, UBS Group lifted their target price on The Baldwin Insurance Group from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of “Buy” and an average price target of $42.40.

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.