Baldwin Insurance Group (NASDAQ:BWIN) Cut to "Neutral" at JPMorgan Chase & Co.

Key Points

• JPMorgan downgraded Baldwin Insurance Group to “Neutral” from “Overweight” and set a $32 price target, implying roughly 0.66% upside from the prior close.
• Analyst sentiment is mixed: four analysts rate the stock Buy, six Hold and two Sell, producing a consensus rating of “Hold” and an average price target of $31.39.
• Baldwin reported quarterly EPS of $0.48, slightly above estimates, while revenue rose 30.1% year over year to $492.94 million. Shares opened at $31.79, near their one-year high of $32.71.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) was downgraded by investment analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $32.00 price target on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 0.66% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. UBS Group increased their target price on shares of Baldwin Insurance Group from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of Baldwin Insurance Group from a "strong sell" rating to a "hold" rating in a report on Friday, June 12th. Wells Fargo & Company increased their price objective on shares of Baldwin Insurance Group from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. William Blair downgraded shares of Baldwin Insurance Group from an "outperform" rating to a "hold" rating in a research note on Monday, September 14th. Finally, Morgan Stanley set a $28.00 target price on Baldwin Insurance Group in a research report on Monday, June 22nd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Baldwin Insurance Group presently has an average rating of "Hold" and a consensus price target of $31.39.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock opened at $31.79 on Thursday. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -30.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day moving average price of $30.29 and a 200-day moving average price of $25.23. Baldwin Insurance Group has a one year low of $15.88 and a one year high of $32.71.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $492.94 million for the quarter, compared to analyst estimates of $492.33 million. Baldwin Insurance Group had a positive return on equity of 12.67% and a negative net margin of 4.67%.Baldwin Insurance Group's quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. Equities analysts expect that Baldwin Insurance Group will post 1.44 EPS for the current year.

Institutional Trading of Baldwin Insurance Group

Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in Baldwin Insurance Group during the 2nd quarter worth $25,000. Versant Capital Management Inc grew its position in shares of Baldwin Insurance Group by 43.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,201 shares of the company's stock worth $32,000 after buying an additional 363 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Baldwin Insurance Group by 238.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company's stock worth $28,000 after buying an additional 900 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Baldwin Insurance Group during the fourth quarter valued at $46,000. Finally, Nykredit A S purchased a new position in shares of Baldwin Insurance Group during the second quarter valued at $109,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc is an insurance distribution and advisory company that helps individuals, businesses and organizations identify, manage and insure against risk. The company operates through a network of insurance agencies and specialty businesses, providing access to property and casualty insurance, employee benefits, personal insurance and related risk-management solutions.

Its services include commercial insurance brokerage, personal lines coverage, employee benefits consulting, claims support and other advisory services.

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