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

The Baldwin Insurance Group (NASDAQ:BWIN) released its quarterly earnings results on Tuesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.14), Zacks reports. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%.

The Baldwin Insurance Group Stock Up 1.4 %

Shares of NASDAQ BWIN traded up $0.56 during trading hours on Tuesday, hitting $39.86. The company had a trading volume of 559,524 shares, compared to its average volume of 470,255. The Baldwin Insurance Group has a 1-year low of $26.08 and a 1-year high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm’s 50 day moving average is $39.82 and its 200-day moving average is $44.63. The stock has a market capitalization of $4.69 billion, a P/E ratio of -62.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Insider Buying and Selling

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BWIN shares. Wells Fargo & Company dropped their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, Keefe, Bruyette & Woods cut their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $45.50.

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.