Baldwin Insurance Group’s (BWIN) “Market Perform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Baldwin Insurance Group (NASDAQ:BWIN) in a report issued on Monday, MarketBeat Ratings reports. BMO Capital Markets currently has a $33.00 price objective on the stock, down from their prior price objective of $38.00.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Wells Fargo & Company dropped their price target on Baldwin Insurance Group from $31.00 to $28.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and issued a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th. Finally, Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Baldwin Insurance Group currently has an average rating of “Hold” and a consensus target price of $37.67.

Baldwin Insurance Group Stock Performance

BWIN stock opened at $26.30 on Monday. The business’s 50-day moving average price is $30.70 and its two-hundred day moving average price is $36.98. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53. The firm has a market cap of $3.12 billion, a PE ratio of -90.69, a P/E/G ratio of 1.32 and a beta of 1.39. Baldwin Insurance Group has a 1-year low of $26.27 and a 1-year high of $55.82.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $378.81 million for the quarter, compared to analyst estimates of $375.38 million. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, research analysts forecast that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other Baldwin Insurance Group news, CFO Bradford Hale purchased 10,000 shares of the stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $28.72 per share, with a total value of $287,200.00. Following the completion of the transaction, the chief financial officer directly owned 144,659 shares in the company, valued at $4,154,606.48. This represents a 7.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of institutional investors have recently bought and sold shares of the business. Champlain Investment Partners LLC increased its position in Baldwin Insurance Group by 23.0% during the second quarter. Champlain Investment Partners LLC now owns 3,256,446 shares of the company’s stock worth $139,408,000 after buying an additional 609,171 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Baldwin Insurance Group by 62.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company’s stock worth $144,462,000 after buying an additional 1,238,650 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Baldwin Insurance Group by 8.0% during the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company’s stock worth $82,218,000 after buying an additional 142,506 shares during the last quarter. Geode Capital Management LLC increased its position in Baldwin Insurance Group by 4.9% during the second quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company’s stock worth $72,604,000 after buying an additional 79,869 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Baldwin Insurance Group by 13.8% during the second quarter. Westfield Capital Management Co. LP now owns 1,225,948 shares of the company’s stock worth $52,483,000 after buying an additional 149,101 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.