Baldwin Insurance Group (NASDAQ:BWIN) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Baldwin Insurance Group (NASDAQ:BWIN) had its target price raised by investment analysts at Keefe, Bruyette & Woods from $26.00 to $31.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 13.55% from the company’s previous close.

A number of other analysts have also commented on the company. BMO Capital Markets lifted their target price on Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, June 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. upgraded shares of Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $28.00 in a research note on Monday, June 22nd. Finally, UBS Group decreased their price objective on shares of Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.44.

Baldwin Insurance Group Stock Up 0.8%

Shares of Baldwin Insurance Group stock opened at $27.30 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $3.89 billion, a PE ratio of -40.75, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $43.64. The company has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $22.04.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 28.7% on a year-over-year basis. On average, analysts anticipate that Baldwin Insurance Group will post 1.38 EPS for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which is available at the SEC website. 20.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BWIN. William Blair Investment Management LLC boosted its stake 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 acquiring an additional 2,439,118 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 worth $164,651,000 after acquiring an additional 287,241 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $85,963,000 after buying an additional 1,044,200 shares in the last quarter. Capital International Investors raised its holdings in Baldwin Insurance Group by 15.0% during the fourth quarter. Capital International Investors now owns 3,618,132 shares of the company’s stock valued at $86,944,000 after acquiring an additional 472,703 shares during the period. Finally, State Street Corp raised its stake in Baldwin Insurance Group by 0.7% during the 4th quarter. State Street Corp now owns 2,131,619 shares of the company’s stock valued at $51,223,000 after purchasing an additional 14,968 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Baldwin Insurance Group Company Profile

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.