Baldwin Insurance Group (NASDAQ:BWIN) Cut to Sell at Wall Street Zen

Key Points

• Baldwin Insurance Group has been downgraded from a "hold" rating to a "sell" by Wall Street Zen, indicating a shift in analyst sentiment regarding the stock's performance.
• Multiple research analysts are bearish on the stock, with ratings that include two "Hold", three "Sell", and four "Buy" ratings, reflecting mixed opinions in the market.
• The company's latest earnings report showed a positive return on equity of 13.24% but a negative net margin of -1.22%, suggesting underlying challenges despite revenue growth.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Baldwin Insurance Group in a report on Saturday, September 27th. BMO Capital Markets dropped their price objective on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 13th. Zacks Research upgraded Baldwin Insurance Group to a "strong sell" rating in a report on Tuesday, August 12th. Raymond James Financial reiterated an "outperform" rating and issued a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Finally, Wells Fargo & Company upped their price objective on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $43.67.

Baldwin Insurance Group Trading Up 3.4%

Shares of BWIN stock traded up $0.94 on Friday, reaching $28.80. 810,292 shares of the stock were exchanged, compared to its average volume of 796,440. The stock has a market cap of $3.42 billion, a PE ratio of -99.31, a P/E/G ratio of 1.25 and a beta of 1.39. Baldwin Insurance Group has a one year low of $26.33 and a one year high of $55.82. 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 stock has a 50 day moving average price of $32.00 and a 200 day moving average price of $37.91.

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

Insider Activity

In other news, CFO Bradford Hale acquired 10,000 shares of Baldwin Insurance Group stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $28.72 per share, with a total value of $287,200.00. Following the completion of 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BWIN. MTM Investment Management LLC acquired a new position in shares of Baldwin Insurance Group during the second quarter worth about $30,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Baldwin Insurance Group during the second quarter worth about $58,000. Strs Ohio acquired a new position in shares of Baldwin Insurance Group during the first quarter worth about $72,000. First Horizon Advisors Inc. boosted its position in shares of Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company's stock worth $79,000 after buying an additional 419 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Baldwin Insurance Group by 3,664.0% during the second quarter. IFP Advisors Inc now owns 2,823 shares of the company's stock worth $128,000 after buying an additional 2,748 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.

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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