Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Baldwin Insurance Group, Inc. has received an average recommendation of "Hold" from analysts, with two sell, four buy, and two hold ratings contributing to this consensus.
• The company's CEO recently sold 117,000 shares at approximately $39.83 each, significantly reducing his ownership by 80.87%, while the CFO increased his position by acquiring 10,000 shares.
• Baldwin Insurance Group's recent earnings report showed a profit of $0.42 earnings per share, meeting analyst expectations and reflecting a revenue increase of 11.5% compared to the same period last year.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has earned an average recommendation of "Hold" from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $43.6667.

A number of equities research analysts recently issued reports on BWIN shares. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. BMO Capital Markets lowered their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Zacks Research upgraded Baldwin Insurance Group to a "strong sell" rating in a research report on Tuesday, August 12th. Wells Fargo & Company raised their price target on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research report on Thursday, July 10th. Finally, Raymond James Financial restated an "outperform" rating and set a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th.

Baldwin Insurance Group Stock Performance

Shares of Baldwin Insurance Group stock traded down $0.76 during trading hours on Friday, reaching $30.87. The company had a trading volume of 267,295 shares, compared to its average volume of 674,046. Baldwin Insurance Group has a one year low of $28.66 and a one year high of $55.82. The business has a fifty day simple moving average of $37.13 and a 200 day simple moving average of $39.50. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $3.66 billion, a PE ratio of -106.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.43.

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

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, CEO Trevor Baldwin sold 117,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the sale, the chief executive officer owned 27,676 shares in the company, valued at $1,102,335.08. This trade represents a 80.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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, for a total transaction of $287,200.00. Following the transaction, the chief financial officer directly 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 262,573 shares of company stock worth $10,346,064. Company insiders own 20.14% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BWIN. KBC Group NV grew its stake in shares of Baldwin Insurance Group by 12.1% in the first quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after purchasing an additional 396 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Baldwin Insurance Group by 29.6% in the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company's stock worth $79,000 after purchasing an additional 419 shares during the last quarter. US Bancorp DE grew its stake in shares of Baldwin Insurance Group by 6.5% in the first quarter. US Bancorp DE now owns 7,337 shares of the company's stock worth $328,000 after purchasing an additional 450 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Baldwin Insurance Group by 4.8% in the second quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company's stock worth $443,000 after purchasing an additional 470 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Baldwin Insurance Group by 3.9% in the second quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company's stock worth $579,000 after purchasing an additional 504 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.