The Baldwin Insurance Group (NASDAQ:BWIN) PT Raised to $46.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target upped by analysts at Jefferies Financial Group from $38.00 to $46.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential downside of 10.71% from the company’s current price.

A number of other research firms have also issued reports on BWIN. JPMorgan Chase & Co. upped their price target 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. Wells Fargo & Company raised their target price on The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price target on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, UBS Group raised their price objective on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, The Baldwin Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $47.67.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $51.52 on Wednesday. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $52.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.34. The company has a fifty day moving average price of $46.35. The firm has a market cap of $6.06 billion, a P/E ratio of -56.00, a P/E/G ratio of 1.30 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The Baldwin Insurance Group’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, sell-side analysts predict that The Baldwin Insurance Group will post 1.11 EPS for the current fiscal year.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 2,547 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $41.45, for a total value of $105,573.15. Following the transaction, the insider now owns 245,817 shares of the company’s stock, valued at $10,189,114.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, General Counsel Seth Bala Cohen sold 3,783 shares of The Baldwin Insurance Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the completion of the sale, the general counsel now directly owns 8,813 shares of the company’s stock, valued at approximately $375,698.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James Morgan Roche sold 2,547 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $41.45, for a total value of $105,573.15. Following the transaction, the insider now directly owns 245,817 shares in the company, valued at approximately $10,189,114.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 508,616 shares of company stock worth $21,947,676. Company insiders own 20.14% of the company’s stock.

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.