Baldwin Insurance Group (NASDAQ:BWIN) Rating Lowered to "Market Perform" at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods downgraded Baldwin Insurance Group from “Outperform” to “Market Perform” and set a $32.50 price target, implying about 2% upside.
• Analyst sentiment is largely cautious: the stock has a consensus “Reduce” rating from MarketBeat, with one Buy, nine Hold, and two Sell ratings and an average price target of $31.06.
• Baldwin reported quarterly revenue of $492.94 million, up 30.1% year over year, and earnings of $0.48 per share, slightly exceeding estimates. Institutional investors own 77.49% of the company.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) was downgraded by analysts at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a report issued on Monday, Marketbeat.com reports. They presently have a $32.50 price target on the stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 1.98% from the company's current price.

A number of other analysts have also commented on the company. Raymond James Financial lowered Baldwin Insurance Group from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, September 23rd. Morgan Stanley set a $28.00 price objective on Baldwin Insurance Group in a research report on Monday, June 22nd. Wells Fargo & Company increased their price objective on Baldwin Insurance Group from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. TD Cowen lowered Baldwin Insurance Group from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Baldwin Insurance Group in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $31.06.

Baldwin Insurance Group Stock Performance

BWIN opened at $31.87 on Monday. The stock has a market capitalization of $4.45 billion, a P/E ratio of -30.64, a P/E/G ratio of 1.03 and a beta of 1.00. Baldwin Insurance Group has a 12 month low of $15.88 and a 12 month high of $32.71. The firm's fifty day simple moving average is $30.92 and its 200 day simple moving average is $25.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.73.

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

Institutional Investors Weigh In On Baldwin Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWIN. GAMMA Investing LLC boosted its stake in shares of Baldwin Insurance Group by 146.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,791 shares of the company's stock worth $57,000 after buying an additional 1,064 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Baldwin Insurance Group by 102.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,039 shares of the company's stock valued at $33,000 after acquiring an additional 525 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Baldwin Insurance Group in the 2nd quarter valued at about $25,000. Arizona State Retirement System increased its position in shares of Baldwin Insurance Group by 8.5% in the second quarter. Arizona State Retirement System now owns 21,377 shares of the company's stock valued at $568,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of Baldwin Insurance Group in the second quarter valued at about $109,000. 77.49% of the stock is owned by institutional investors.

About Baldwin Insurance Group

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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