Analysts Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Target Price at $33.83

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $33.8333.

A number of equities analysts have recently issued reports on BWIN shares. Weiss Ratings restated a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. UBS Group lowered their target price on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Jefferies Financial Group restated a “hold” rating and set a $28.00 price target on shares of Baldwin Insurance Group in a research note on Monday, December 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $20.59 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average price of $24.94 and a 200-day moving average price of $28.30. Baldwin Insurance Group has a 52 week low of $20.57 and a 52 week high of $47.15. The firm has a market capitalization of $2.44 billion, a PE ratio of -47.88, a P/E/G ratio of 0.80 and a beta of 1.33.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The company had revenue of $365.39 million for the quarter, compared to analysts’ expectations of $364.14 million. During the same quarter last year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts expect that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 100,000 shares of the business’s stock in a transaction 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 owned 122,113 shares of the company’s stock, valued at $2,955,134.60. The trade was a 45.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 255,000 shares of company stock worth $6,119,000. Company insiders own 20.14% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

Hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its position in Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company’s stock worth $79,000 after buying an additional 419 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Baldwin Insurance Group by 4.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company’s stock worth $443,000 after acquiring an additional 470 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Baldwin Insurance Group by 3.9% during the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company’s stock valued at $579,000 after purchasing an additional 504 shares in the last quarter. Cetera Trust Company N.A lifted its holdings in Baldwin Insurance Group by 10.1% during the second quarter. Cetera Trust Company N.A now owns 6,025 shares of the company’s stock valued at $258,000 after purchasing an additional 555 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Baldwin Insurance Group by 0.9% in 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 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.