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

Key Points

• Market consensus: Hold — Ten brokerages give Baldwin Insurance Group a consensus "Hold" rating (2 sell, 4 hold, 3 buy, 1 strong buy) with an average 12‑month target of about $29.29.
• Notable insider activity: Major shareholder Elizabeth Krystyn sold 119,987 shares for ~$2.55M, while director Paul Eugene Sparks purchased 29,000 shares (now owns 981,506 shares); insiders hold 18.51% of the stock.
• Recent quarter: Baldwin reported EPS of $0.31 (beat by $0.02) on $347.3M revenue (slightly below consensus), and the company trades with a market cap of $3.06B and a negative trailing P/E of -43.65.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $29.2857.

Several analysts have recently weighed in on BWIN shares. Wells Fargo & Company lifted their price target on shares of Baldwin Insurance Group from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Thursday. TD Cowen began coverage on shares of Baldwin Insurance Group in a report on Wednesday, February 25th. They set a "buy" rating on the stock. Raymond James Financial raised shares of Baldwin Insurance Group from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $20.00 to $30.00 in a report on Friday, February 27th. Weiss Ratings reissued a "sell (e+)" rating on shares of Baldwin Insurance Group in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Baldwin Insurance Group from a "sell" rating to a "hold" rating in a report on Saturday, February 7th.

Insider Activity at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 119,987 shares of Baldwin Insurance Group stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Eugene Sparks acquired 29,000 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average cost of $22.96 per share, for a total transaction of $665,840.00. Following the completion of the acquisition, the director owned 981,506 shares of the company's stock, valued at $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 18.51% of the company's stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC grew its holdings in Baldwin Insurance Group by 666.5% in the fourth quarter. Larson Financial Group LLC now owns 1,211 shares of the company's stock worth $29,000 after purchasing an additional 1,053 shares during the last quarter. Dorato Capital Management purchased a new position in Baldwin Insurance Group in the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new position in Baldwin Insurance Group in the third quarter worth $39,000. Wealth Preservation Advisors LLC purchased a new position in Baldwin Insurance Group in the fourth quarter worth $46,000. Finally, AlphaQuest LLC grew its holdings in Baldwin Insurance Group by 249.2% in the third quarter. AlphaQuest LLC now owns 1,952 shares of the company's stock worth $55,000 after purchasing an additional 1,393 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

Baldwin Insurance Group stock opened at $21.39 on Friday. The company has a 50 day moving average price of $20.18 and a 200-day moving average price of $23.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. Baldwin Insurance Group has a fifty-two week low of $15.88 and a fifty-two week high of $45.16. The company has a market capitalization of $3.06 billion, a PE ratio of -43.65, a P/E/G ratio of 0.82 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The firm had revenue of $347.28 million during the quarter, compared to the consensus estimate of $351.75 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company's revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

About Baldwin Insurance Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.