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

Key Points

• Analysts give Baldwin an average "Hold" rating from 11 firms (2 sell, 4 hold, 4 buy, 1 strong buy) with an average 1‑year price target of $30.25.
• Insider and institutional activity: major shareholder Elizabeth Krystyn sold 119,987 shares at $21.25 (~$2.55M) while director Paul E. Sparks bought 29,000 shares at $22.96 (raising his stake to 981,506); insiders own 18.51% and institutions own 77.49% of the stock.
• Recent results and stock metrics: Baldwin reported Q EPS of $0.63 (missed by $0.01) and revenue of $532.24M (+28.7% YoY); the stock opened at $20.59 with a 52‑week range of $15.88–$45.16, market cap ~$2.94B and a trailing P/E of -30.73.

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) have been given an average rating of "Hold" by the eleven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.25.

Several equities analysts have recently commented on the company. TD Cowen assumed coverage on Baldwin Insurance Group in a research note on Wednesday, February 25th. They issued a "buy" rating on the stock. UBS Group decreased their target price on Baldwin Insurance Group from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Bank of America decreased their target price on Baldwin Insurance Group from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods decreased their target price on Baldwin Insurance Group from $29.00 to $26.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 7th. Finally, Raymond James Financial raised Baldwin Insurance Group from an "outperform" rating to a "strong-buy" rating and increased their target price for the stock from $20.00 to $30.00 in a research note on Friday, February 27th.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 119,987 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Eugene Sparks purchased 29,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $22.96 per share, for a total transaction of $665,840.00. Following the acquisition, the director owned 981,506 shares in the company, valued at $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 18.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Baldwin Insurance Group by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company's stock valued at $1,795,000 after acquiring an additional 2,309 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Baldwin Insurance Group by 371.9% in the 1st quarter. Millennium Management LLC now owns 254,734 shares of the company's stock valued at $11,384,000 after acquiring an additional 200,754 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Baldwin Insurance Group by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock valued at $495,000 after acquiring an additional 700 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Baldwin Insurance Group by 3.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company's stock valued at $16,964,000 after acquiring an additional 13,058 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Baldwin Insurance Group by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company's stock valued at $8,475,000 after acquiring an additional 11,768 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Baldwin Insurance Group Stock Performance

Shares of Baldwin Insurance Group stock opened at $20.59 on Thursday. Baldwin Insurance Group has a 52 week low of $15.88 and a 52 week high of $45.16. The business's fifty day simple moving average is $22.09 and its 200-day simple moving average is $23.20. The firm has a market cap of $2.94 billion, a PE ratio of -30.73, a price-to-earnings-growth ratio of 0.82 and a beta of 1.23. The company has a quick ratio of 1.16, a current ratio of 1.08 and a debt-to-equity ratio of 1.51.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The business had revenue of $532.24 million during the quarter, compared to analyst estimates of $524.07 million. During the same period last year, the company earned $0.65 EPS. The business's revenue for the quarter was up 28.7% on a year-over-year basis. Equities analysts forecast that Baldwin Insurance Group will post 1.27 earnings per share for the current year.

Baldwin Insurance Group Company Profile

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.

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