Brokerages Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Target Price at $30.25

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $30.25.

A number of equities analysts have issued reports on BWIN shares. Bank of America reduced their price objective on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Friday, March 27th. Raymond James Financial raised shares of Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $20.00 to $30.00 in a research note on Friday, February 27th. Zacks Research cut shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th.

Baldwin Insurance Group Price Performance

BWIN opened at $18.77 on Monday. Baldwin Insurance Group has a one year low of $15.88 and a one year high of $45.16. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50 day simple moving average is $21.69 and its 200-day simple moving average is $22.57. The stock has a market capitalization of $2.68 billion, a P/E ratio of -28.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The company had revenue of $532.24 million for the quarter, compared to the consensus estimate of $524.07 million. During the same period last year, the company earned $0.65 earnings per share. Baldwin Insurance Group’s revenue for the quarter was up 28.7% compared to the same quarter last year. Sell-side analysts anticipate that Baldwin Insurance Group will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total value of $2,756,381.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 321,987 shares of company stock valued at $6,831,404 over the last quarter. 18.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in shares of Baldwin Insurance Group by 0.9% during the second quarter. California State Teachers Retirement System now owns 61,912 shares of the company’s stock worth $2,650,000 after purchasing an additional 555 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after purchasing an additional 700 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Baldwin Insurance Group by 1.0% during the first quarter. HB Wealth Management LLC now owns 74,451 shares of the company’s stock worth $1,633,000 after purchasing an additional 703 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Baldwin Insurance Group by 0.9% during the third quarter. Alliancebernstein L.P. now owns 82,834 shares of the company’s stock worth $2,337,000 after purchasing an additional 715 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Baldwin Insurance Group by 238.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company’s stock worth $28,000 after purchasing an additional 900 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

Baldwin Insurance Group Company Profile

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.