The Baldwin Insurance Group (NASDAQ:BWIN) Announces Quarterly Earnings Results

The Baldwin Insurance Group (NASDAQ:BWIN) issued its quarterly earnings data on Monday. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01), Briefing.com reports. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The business had revenue of $339.90 million during the quarter, compared to analysts’ expectations of $346.43 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis.

The Baldwin Insurance Group Stock Up 10.0 %

BWIN opened at $44.72 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group has a 52 week low of $17.33 and a 52 week high of $55.82. The stock’s 50 day moving average price is $49.12. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of -55.90, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $41.36, for a total transaction of $827,200.00. Following the transaction, the director now directly owns 80,000 shares of the company’s stock, valued at approximately $3,308,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider James Morgan Roche sold 2,547 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $41.45, for a total transaction of $105,573.15. Following the completion of the sale, the insider now owns 245,817 shares in the company, valued at $10,189,114.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lowry Baldwin sold 20,000 shares of The Baldwin Insurance Group stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $41.36, for a total transaction of $827,200.00. Following the completion of the transaction, the director now owns 80,000 shares in the company, valued at approximately $3,308,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 468,149 shares of company stock worth $20,247,146. Insiders own 20.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BWIN shares. JPMorgan Chase & Co. increased their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th. Jefferies Financial Group increased 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 report on Wednesday, October 9th. UBS Group upped their price objective on 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. Finally, Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.17.

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.