Analysts Set The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Target Price at $45.50

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $45.50.

Several equities analysts recently weighed in on the company. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group raised their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th.

Insiders Place Their Bets

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 stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 20.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Group LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $648,000. KBC Group NV acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $127,000. Flagship Harbor Advisors LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $200,000. Toth Financial Advisory Corp acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $651,000. Finally, Tributary Capital Management LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $18,287,000. Institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Stock Down 1.9 %

The Baldwin Insurance Group stock opened at $40.78 on Friday. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of -63.72, a PEG ratio of 1.20 and a beta of 1.64. The stock has a 50 day moving average of $42.09 and a two-hundred day moving average of $44.58. The Baldwin Insurance Group has a twelve month low of $21.70 and a twelve month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued 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 business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. As a group, research analysts expect that The Baldwin Insurance Group will post 1.01 earnings per share for the current year.

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.