Baldwin Insurance Group (NASDAQ:BWIN) Sets New 12-Month Low – Time to Sell?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $21.04 and last traded at $21.19, with a volume of 552412 shares. The stock had previously closed at $21.92.

Analysts Set New Price Targets

BWIN has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating and issued a $28.00 target price on shares of Baldwin Insurance Group in a report on Monday, December 15th. Wells Fargo & Company boosted their price target on Baldwin Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. UBS Group lowered their price target 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. Finally, BMO Capital Markets reduced their price objective on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Baldwin Insurance Group presently has a consensus rating of “Hold” and a consensus price target of $33.83.

Baldwin Insurance Group Stock Performance

The company has a market cap of $2.45 billion, a PE ratio of -47.95, a P/E/G ratio of 0.75 and a beta of 1.33. 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 business’s fifty day moving average is $24.66 and its 200-day moving average is $28.10.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share 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 business 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 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In other news, insider James Morgan Roche sold 100,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $24.20, for a total value of $2,420,000.00. Following the transaction, the insider owned 122,113 shares of the company’s stock, valued at $2,955,134.60. This trade represents a 45.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 255,000 shares of company stock valued at $6,119,000 over the last 90 days. 18.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWIN. New York State Common Retirement Fund grew its stake in Baldwin Insurance Group by 422.6% during the second quarter. New York State Common Retirement Fund now owns 257,384 shares of the company’s stock valued at $11,019,000 after acquiring an additional 208,137 shares in the last quarter. Fenimore Asset Management Inc lifted its stake in Baldwin Insurance Group by 44.3% in the 3rd quarter. Fenimore Asset Management Inc now owns 507,057 shares of the company’s stock worth $14,304,000 after purchasing an additional 155,654 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Baldwin Insurance Group by 8.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock valued at $82,218,000 after purchasing an additional 142,506 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Baldwin Insurance Group by 84.0% during the second quarter. Envestnet Asset Management Inc. now owns 201,557 shares of the company’s stock valued at $8,629,000 after purchasing an additional 91,991 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in shares of Baldwin Insurance Group by 10.6% during the second quarter. KLP Kapitalforvaltning AS now owns 14,600 shares of the company’s stock valued at $625,000 after purchasing an additional 1,400 shares in the last quarter. 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.