Baldwin Insurance Group (NASDAQ:BWIN) Announces Earnings Results

Key Points

• Baldwin reported Q1 EPS of $0.63, missing estimates by $0.01, while revenue of $532.24M beat expectations; the company showed a positive ROE (12.6%) but a negative net margin (-2.25%).
• Shares traded down 0.3% to $21.97 (market cap $3.14B) and carry a negative P/E of -44.84; analysts are mixed but the consensus rating is Hold with an average target of $30.13.
• Insider moves were notable: Director Paul Sparks bought 15,200 shares (~$335,920) while major shareholder Elizabeth Krystyn sold 119,987 shares (~$2.55M); insiders own 18.51% of the stock and institutions own 77.49%.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01), FiscalAI reports. The company had revenue of $532.24 million during the quarter, compared to analysts' expectations of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.

Baldwin Insurance Group Stock Down 0.3%

BWIN traded down $0.06 during midday trading on Monday, reaching $21.97. The company's stock had a trading volume of 1,645,074 shares, compared to its average volume of 1,637,291. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -44.84, a PEG ratio of 0.85 and a beta of 1.23. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.54. Baldwin Insurance Group has a 1 year low of $15.88 and a 1 year high of $45.16. The stock's 50-day moving average is $21.91 and its 200-day moving average is $23.26.

Analyst Ratings Changes

BWIN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Baldwin Insurance Group in a research note on Friday, March 27th. TD Cowen started coverage on shares of Baldwin Insurance Group in a research report on Wednesday, February 25th. They issued a "buy" rating on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 7th. Wells Fargo & Company boosted their price objective on shares of Baldwin Insurance Group from $21.00 to $23.00 and gave the company an "equal weight" rating in a research report on Thursday, April 9th. Finally, UBS Group decreased their price objective on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Baldwin Insurance Group presently has a consensus rating of "Hold" and an average target price of $30.13.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Paul Eugene Sparks acquired 15,200 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $22.10 per share, for a total transaction of $335,920.00. Following the completion of the acquisition, the director owned 996,706 shares in the company, valued at $22,027,202.60. This trade represents a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the company's 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. Additional details regarding this sale are available in the official SEC disclosure. 18.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Baldwin Insurance Group in the third quarter worth $39,000. Strs Ohio purchased a new stake in shares of Baldwin Insurance Group in the first quarter worth $72,000. Cetera Investment Advisers purchased a new stake in shares of Baldwin Insurance Group in the second quarter worth $212,000. Snowden Capital Advisors LLC purchased a new stake in shares of Baldwin Insurance Group in the second quarter worth $291,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Baldwin Insurance Group in the third quarter worth $211,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

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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