Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of “Hold” by Brokerages

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

A number of research firms have recently commented on BWIN. Bank of America reduced their price objective on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. TD Cowen began coverage on shares of Baldwin Insurance Group in a research note on Wednesday, February 25th. They set a “buy” rating for the company. Keefe, Bruyette & Woods reduced their price objective on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Wells Fargo & Company increased their price objective on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Eugene Sparks bought 15,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $22.10 per share, with a total value of $335,920.00. Following the completion of the purchase, the director directly owned 996,706 shares in the company, valued at $22,027,202.60. The trade was a 1.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 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.

Institutional Investors Weigh In On Baldwin Insurance Group

Several hedge funds have recently bought and sold shares of the company. William Blair Investment Management LLC lifted its stake in Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock valued at $181,278,000 after purchasing an additional 2,439,118 shares during the last quarter. Vanguard Group Inc. lifted its stake in Baldwin Insurance Group by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 6,851,874 shares of the company’s stock valued at $164,651,000 after purchasing an additional 287,241 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Baldwin Insurance Group by 36.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock valued at $85,963,000 after purchasing an additional 1,044,200 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in Baldwin Insurance Group by 20.3% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company’s stock valued at $110,467,000 after purchasing an additional 659,433 shares during the last quarter. Finally, Capital International Investors lifted its stake in Baldwin Insurance Group by 15.0% in the 4th quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock valued at $86,944,000 after purchasing an additional 472,703 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Baldwin Insurance Group Trading Up 0.3%

Baldwin Insurance Group stock opened at $20.14 on Thursday. The firm has a 50-day moving average of $22.15 and a 200-day moving average of $23.09. 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 has a market cap of $2.87 billion, a price-to-earnings ratio of -30.06, a P/E/G ratio of 0.77 and a beta of 1.23.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business had revenue of $532.24 million for the quarter, compared to analyst estimates of $524.07 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. On average, equities analysts expect that Baldwin Insurance Group will post 1.27 earnings per share for the current fiscal year.

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.