The Baldwin Insurance Group (NASDAQ:BWIN) PT Raised to $39.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target hoisted by Wells Fargo & Company from $34.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 7.52% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. UBS Group increased their price objective on The Baldwin Insurance Group from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods lifted their target price on The Baldwin Insurance Group from $34.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, June 28th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $45.00 target price (up from $40.00) on shares of The Baldwin Insurance Group in a report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.40.

The Baldwin Insurance Group Trading Up 0.5 %

Shares of BWIN stock traded up $0.19 on Wednesday, reaching $42.17. The company’s stock had a trading volume of 100,374 shares, compared to its average volume of 405,629. The stock’s fifty day simple moving average is $37.55. The Baldwin Insurance Group has a 1 year low of $17.33 and a 1 year high of $44.87. The stock has a market capitalization of $4.96 billion, a P/E ratio of -45.87, 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 Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $339.80 million during the quarter, compared to analysts’ expectations of $334.95 million. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. Equities research analysts forecast that The Baldwin Insurance Group will post 1.08 earnings per share for the current year.

Insider Buying and Selling

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total value of $4,262,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.14% of the stock is owned by corporate 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.