Baldwin Insurance Group (NASDAQ:BWIN) Issues Q2 2026 Earnings Guidance

Key Points

• Q2 2026 guidance: Baldwin guided EPS of $0.440–$0.480 (vs. consensus $0.450) and revenue of $485–$495M, which is below the consensus $502.4M, signaling top‑line caution despite roughly in‑line EPS.
• Q1 results and fundamentals: Q1 revenue beat at $532.2M (+29% YoY) but EPS of $0.63 missed by $0.01; GAAP net margin was negative (~-2.25%) and debt/equity is ~1.54, underscoring profitability and leverage concerns.
• Outlook and market signals: Management expanded its relationship with Anthropic to deploy Claude AI as a potential margin tailwind, while analysts remain mixed (average price target ~$30.13) and insiders have recently sold (~119,987 shares) and a director bought 15,200 shares.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.440-0.480 for the period, compared to the consensus estimate of 0.450. The company issued revenue guidance of $485.0 million-$495.0 million, compared to the consensus revenue estimate of $502.4 million.

Baldwin Insurance Group Trading Down 0.3%

NASDAQ:BWIN opened at $21.97 on Tuesday. The firm's 50 day moving average is $21.91 and its 200 day moving average is $23.26. Baldwin Insurance Group has a 12 month low of $15.88 and a 12 month high of $45.16. The stock has a market capitalization of $3.14 billion, a PE ratio of -44.84, a price-to-earnings-growth 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 (NASDAQ:BWIN - Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.60% and a negative net margin of 2.25%.The firm had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. During the same quarter in the previous year, the firm earned $0.65 EPS. The business's quarterly revenue was up 28.7% compared to the same quarter last year. Sell-side analysts expect that Baldwin Insurance Group will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Raymond James Financial upgraded Baldwin Insurance Group from an "outperform" rating to a "strong-buy" rating and increased their price objective for the stock from $20.00 to $30.00 in a report on Friday, February 27th. Zacks Research lowered shares of Baldwin Insurance Group from a "hold" rating to a "strong sell" rating in a research report on Friday, February 6th. UBS Group lowered 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 note on Monday, March 9th. TD Cowen assumed coverage on shares of Baldwin Insurance Group in a research report on Wednesday, February 25th. They set a "buy" rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $30.13.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 119,987 shares of the company's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul Eugene Sparks purchased 15,200 shares of the company's stock in a transaction dated 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 purchase, the director directly owned 996,706 shares of the company's stock, valued at approximately $22,027,202.60. The trade was a 1.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 20.14% of the stock is owned by company insiders.

Key Headlines Impacting Baldwin Insurance Group

Here are the key news stories impacting Baldwin Insurance Group this week:

• Positive Sentiment: Expanded Anthropic relationship to deploy Claude AI across Baldwin’s insurance operations — management says this will accelerate scaled AI use in underwriting, distribution and back-office efficiency, a potential long‑term margin tailwind. The Baldwin Group Announces Expanded Enterprise Relationship with Anthropic
• Positive Sentiment: Revenue beat and meaningful top‑line growth: total revenue of $532.2M (+29% YoY) exceeded consensus (~$524M) and showed 2% organic growth — supports continued scaling of the business. The Baldwin Group Announces First Quarter 2026 Results
• Neutral Sentiment: Management commentary and Q&A available in the earnings call transcript — useful for details on integration, AI rollout timing and capital allocation, but the call did not announce material new guidance. BWIN Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Company materials (press release, slide deck) are posted for deeper review of segment performance and acquisition/integration progress. MarketBeat — Q1 Earnings Summary & Materials
• Negative Sentiment: EPS missed by $0.01: reported $0.63 vs. $0.64 consensus and down from $0.65 a year ago — a small miss that likely tempered enthusiasm despite the revenue beat. The Baldwin Insurance Group (BWIN) Lags Q1 Earnings Estimates
• Negative Sentiment: Profitability and leverage concerns: GAAP net margin was negative (~-2.25%) and the company carries meaningful debt (D/E ~1.54), which increases sensitivity to margin pressure as the firm scales. These fundamentals, plus a negative P/E, likely contributed to the modest share weakness. The Baldwin Insurance Group (BWIN) Reports Q1 Earnings: What Key Metrics Have to Say

Hedge Funds Weigh In On Baldwin Insurance Group

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Baldwin Insurance Group in the third quarter valued at $39,000. Strs Ohio purchased a new position in shares of Baldwin Insurance Group in the 1st quarter valued at about $72,000. CIBC Bancorp USA Inc. purchased a new position in shares of Baldwin Insurance Group in the 3rd quarter valued at about $211,000. Cetera Investment Advisers acquired a new position in shares of Baldwin Insurance Group during the second quarter worth about $212,000. Finally, Snowden Capital Advisors LLC purchased a new stake in shares of Baldwin Insurance Group during the second quarter worth approximately $291,000. Institutional investors and hedge funds own 77.49% of the company's stock.

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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