Baldwin Insurance Group (NASDAQ:BWIN) Stock Price Up 4.4% – Here’s What Happened

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN) traded up 4.4% during mid-day trading on Friday . The company traded as high as $22.13 and last traded at $22.0450. 1,156,985 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 1,629,914 shares. The stock had previously closed at $21.12.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Baldwin Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group reduced their price objective on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. BMO Capital Markets lowered their target price on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, December 4th. JPMorgan Chase & Co. dropped their target price on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company cut their target price on shares of Baldwin Insurance Group from $27.00 to $21.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Baldwin Insurance Group Stock Up 2.5%

The business has a 50-day moving average price of $21.27 and a 200 day moving average price of $24.76. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $2.57 billion, a P/E ratio of -44.16, a P/E/G ratio of 0.80 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The business had revenue of $347.28 million during the quarter, compared to analyst estimates of $351.75 million. During the same quarter last year, the business earned $0.27 earnings per share. Baldwin Insurance Group’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $21.25, for a total value of $2,549,723.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Eugene Sparks bought 15,200 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $22.10 per share, for a total transaction of $335,920.00. Following the transaction, the director owned 996,706 shares in the company, valued at approximately $22,027,202.60. The trade was a 1.55% increase in their position. The SEC filing for this purchase provides additional information. 18.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Baldwin Insurance Group by 666.5% during the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock worth $29,000 after purchasing an additional 1,053 shares during the period. Dorato Capital Management bought a new stake in Baldwin Insurance Group in the fourth quarter worth about $35,000. Caitong International Asset Management Co. Ltd bought a new stake in Baldwin Insurance Group in the third quarter worth about $39,000. Wealth Preservation Advisors LLC bought a new position in shares of Baldwin Insurance Group during the fourth quarter valued at approximately $46,000. Finally, AlphaQuest LLC grew its stake in shares of Baldwin Insurance Group by 249.2% during the third quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after buying an additional 1,393 shares during the last quarter. Hedge funds and other 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.