Baldwin Insurance Group (NASDAQ:BWIN) Price Target Raised to $27.00

by · The Cerbat Gem

Baldwin Insurance Group (NASDAQ:BWIN – Get Free Report) had its target price increased by stock analysts at Wells Fargo & Company from $25.00 to $27.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 5.20% from the company’s current price.

Other equities analysts have also issued reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Jefferies Financial Group reiterated a “hold” rating and set a $28.00 target price on shares of Baldwin Insurance Group in a report on Monday, December 15th. Wall Street Zen cut shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. reduced their target price on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, January 7th. Finally, Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Baldwin Insurance Group currently has an average rating of “Hold” and a consensus price target of $33.83.

Get Our Latest Analysis on BWIN

Baldwin Insurance Group Price Performance

BWIN traded down $0.15 during trading on Tuesday, reaching $25.67. The stock had a trading volume of 58,707 shares, compared to its average volume of 1,066,900. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50-day moving average of $25.50 and a 200-day moving average of $30.02. Baldwin Insurance Group has a one year low of $21.26 and a one year high of $47.15. The stock has a market cap of $3.05 billion, a PE ratio of -59.66, a PEG ratio of 0.92 and a beta of 1.38.

Baldwin Insurance Group (NASDAQ:BWIN – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. Baldwin Insurance Group had a positive return on equity of 12.65% and a negative net margin of 1.89%.Baldwin Insurance Group’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. As a group, equities research analysts anticipate that Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Baldwin Insurance Group news, insider James Morgan Roche sold 100,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $24.20, for a total transaction of $2,420,000.00. Following the completion of the sale, the insider directly owned 122,113 shares of the company’s stock, valued at $2,955,134.60. This trade represents a 45.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 255,000 shares of company stock valued at $6,119,000. Corporate insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BWIN. Fiera Capital Corp bought a new stake in shares of Baldwin Insurance Group during the 2nd quarter worth approximately $33,346,000. Champlain Investment Partners LLC lifted its holdings in Baldwin Insurance Group by 20.3% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock valued at $110,467,000 after buying an additional 659,433 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Baldwin Insurance Group in the 3rd quarter valued at about $14,177,000. Tributary Capital Management LLC grew its stake in Baldwin Insurance Group by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 815,452 shares of the company’s stock worth $23,004,000 after acquiring an additional 391,847 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its position in shares of Baldwin Insurance Group by 99.7% during the third quarter. Kennedy Capital Management LLC now owns 598,238 shares of the company’s stock worth $16,876,000 after acquiring an additional 298,685 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

About Baldwin Insurance Group

(Get Free Report)

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.

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