The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $47.67.

A number of equities analysts recently commented on BWIN shares. Jefferies Financial Group lifted their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group lifted their price objective on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. increased their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods raised their price target on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their price objective on The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, General Counsel Seth Bala Cohen sold 3,783 shares of the stock in a transaction that occurred 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 owns 8,813 shares in the company, valued at approximately $375,698.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Lowry Baldwin sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $46.74, for a total value of $2,337,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 3,783 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $42.63, for a total transaction of $161,269.29. Following the transaction, the general counsel now owns 8,813 shares in the company, valued at $375,698.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 508,616 shares of company stock worth $21,947,676 in the last 90 days. Company insiders own 20.14% of the company’s stock.

The Baldwin Insurance Group Trading Up 0.2 %

BWIN opened at $51.62 on Wednesday. The stock has a market cap of $6.07 billion, a PE ratio of -56.11, a P/E/G ratio of 1.39 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group has a 12-month low of $17.33 and a 12-month high of $52.83. The business has a 50-day moving average price of $46.55.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $339.80 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.03 earnings per share. On average, equities research analysts predict that The Baldwin Insurance Group will post 1.11 EPS 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.