Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Rating of “Moderate Buy” by Brokerages

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been given an average rating of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $28.8889.

A number of brokerages recently commented on BWIN. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. Keefe, Bruyette & Woods reduced their price target on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. UBS Group reduced their price target on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. BMO Capital Markets increased their price target on Baldwin Insurance Group from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a report on Wednesday, June 24th.

Baldwin Insurance Group Price Performance

Shares of NASDAQ BWIN opened at $26.58 on Friday. Baldwin Insurance Group has a 1-year low of $15.88 and a 1-year high of $43.64. The business has a 50-day moving average of $21.33 and a 200-day moving average of $21.89. 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 has a market capitalization of $3.79 billion, a price-to-earnings ratio of -39.67, a PEG ratio of 0.93 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $532.24 million during the quarter, compared to analysts’ expectations of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.Baldwin Insurance Group’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, equities analysts anticipate that Baldwin Insurance Group will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. The transaction was disclosed in a filing with the SEC, which is available at this link. 20.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BWIN. William Blair Investment Management LLC raised its position in shares of Baldwin Insurance Group by 47.8% during the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock worth $181,278,000 after purchasing an additional 2,439,118 shares during the period. UBS Group AG raised its position in shares of Baldwin Insurance Group by 42.9% during the 4th quarter. UBS Group AG now owns 686,318 shares of the company’s stock worth $16,492,000 after purchasing an additional 205,997 shares during the period. Fenimore Asset Management Inc raised its position in shares of Baldwin Insurance Group by 14.9% during the 4th quarter. Fenimore Asset Management Inc now owns 582,850 shares of the company’s stock worth $14,006,000 after purchasing an additional 75,793 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Baldwin Insurance Group by 19,551.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 98,259 shares of the company’s stock worth $2,361,000 after purchasing an additional 97,759 shares during the period. Finally, Quadrant Private Wealth Management LLC raised its position in shares of Baldwin Insurance Group by 584.8% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 66,901 shares of the company’s stock worth $1,608,000 after purchasing an additional 57,131 shares during the period. Institutional investors own 77.49% of the company’s stock.

About Baldwin Insurance Group

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.