Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Average Rating of "Hold" from Analysts

Key Points

• Baldwin Insurance Group, Inc. has received a consensus rating of "Hold" from eight research firms, with two analysts recommending a sell, four a hold, and two a buy.
• The company's stock price target has been adjusted with JPMorgan cutting it from $41.00 to $34.00, while Wells Fargo lowered it from $31.00 to $28.00.
• Insider activity shows CFO Bradford Hale bought 10,000 shares, increasing his ownership by 7.43%, indicating insider confidence in the company's future.

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) have been assigned a consensus rating of "Hold" from the eight research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.6667.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, October 9th. Zacks Research raised shares of Baldwin Insurance Group from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Wells Fargo & Company dropped their price objective on shares of 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. BMO Capital Markets reaffirmed a "market perform" rating and issued a $33.00 price objective (down from $38.00) on shares of Baldwin Insurance Group in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th.

Baldwin Insurance Group Stock Down 2.5%

Shares of NASDAQ BWIN opened at $23.13 on Friday. The firm has a market cap of $2.74 billion, a PE ratio of -79.76, a P/E/G ratio of 1.13 and a beta of 1.39. Baldwin Insurance Group has a 12-month low of $23.05 and a 12-month high of $55.70. The company's fifty day simple moving average is $30.37 and its 200 day simple moving average is $36.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53.

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

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, CFO Bradford Hale acquired 10,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of $28.72 per share, with a total value of $287,200.00. Following the completion of the purchase, the chief financial officer owned 144,659 shares of the company's stock, valued at approximately $4,154,606.48. This represents a 7.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 18.51% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Champlain Investment Partners LLC raised its holdings in shares of Baldwin Insurance Group by 23.0% in the second quarter. Champlain Investment Partners LLC now owns 3,256,446 shares of the company's stock valued at $139,408,000 after purchasing an additional 609,171 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Baldwin Insurance Group by 62.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company's stock valued at $144,462,000 after purchasing an additional 1,238,650 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Baldwin Insurance Group by 8.0% in the second quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company's stock valued at $82,218,000 after purchasing an additional 142,506 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Baldwin Insurance Group by 4.9% in the second quarter. Geode Capital Management LLC now owns 1,695,758 shares of the company's stock valued at $72,604,000 after purchasing an additional 79,869 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Baldwin Insurance Group by 13.8% in the second quarter. Westfield Capital Management Co. LP now owns 1,225,948 shares of the company's stock valued at $52,483,000 after purchasing an additional 149,101 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

About Baldwin Insurance Group

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.

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