Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock Has Average Price Target of $31.20 According to Brokerages

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received a consensus recommendation of “Reduce” from the twelve analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.20.

Several brokerages recently issued reports on BWIN. BMO Capital Markets boosted their price target on Baldwin Insurance Group from $26.00 to $32.50 and gave the company a “market perform” rating in a research note on Tuesday, September 15th. Wells Fargo & Company upped their target price on Baldwin Insurance Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods cut Baldwin Insurance Group from an “outperform” rating to a “market perform” rating and set a $32.50 price target on the stock. in a research report on Monday, October 12th. UBS Group downgraded Baldwin Insurance Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $37.00 to $32.50 in a research note on Friday, October 2nd. Finally, William Blair cut shares of Baldwin Insurance Group from an “outperform” rating to a “hold” rating in a research report on Monday, September 14th.

Baldwin Insurance Group Trading Up 0.3%

Shares of Baldwin Insurance Group stock opened at $31.93 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day moving average of $31.46 and a 200-day moving average of $25.13. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $32.71. The stock has a market cap of $4.45 billion, a PE ratio of -30.70, a PEG ratio of 1.03 and a beta of 1.00.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. Baldwin Insurance Group had a negative net margin of 4.67% and a positive return on equity of 12.67%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. As a group, sell-side analysts forecast that Baldwin Insurance Group will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Baldwin Insurance Group by 36.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock worth $85,963,000 after purchasing an additional 1,044,200 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Baldwin Insurance Group by 11,089.9% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,717,538 shares of the company’s stock valued at $37,683,000 after purchasing an additional 1,702,189 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Baldwin Insurance Group by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,333,871 shares of the company’s stock valued at $29,265,000 after buying an additional 191,482 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Baldwin Insurance Group by 12.6% during the first quarter. Janus Henderson Group PLC now owns 881,885 shares of the company’s stock worth $19,348,000 after buying an additional 98,600 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Baldwin Insurance Group by 51.9% in the 1st quarter. Bank of America Corp DE now owns 848,407 shares of the company’s stock valued at $18,614,000 after acquiring an additional 289,879 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About Baldwin Insurance Group

The Baldwin Insurance Group, Inc (NASDAQ: BWIN) is an independent insurance distribution platform that delivers insurance products and related services to businesses, individuals and insurance carriers. The company operates through a network of insurance agencies, brokerage businesses and specialty insurance operations.

Its offerings include commercial property and casualty insurance, employee benefits, personal insurance, life and health coverage, and Medicare products. Baldwin also provides specialized insurance solutions through program-management and underwriting operations, serving selected industries and risk categories through relationships with insurance carriers.

Founded in 2006 and headquartered in Tampa, Florida, the company was formerly known as BRP Group, Inc and adopted The Baldwin Insurance Group name in 2024.