Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $25.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase cut its price target on Baldwin Insurance Group from $28.00 to $25.00 and kept a "neutral" rating, implying roughly a 13.5% upside from the current share price.
• Shares traded down 3.2% to $22.03 on Thursday (524,808 shares), the stock has a market cap of $3.15 billion and a 12‑month range of $15.88 to $45.16.
• Analyst views are mixed with a consensus "Hold" and an average target of $29.29; insiders and institutions were active recently—a director bought 15,200 shares while a major shareholder sold ~119,987 shares, and institutional ownership is about 77.5%.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) had its target price cut by analysts at JPMorgan Chase & Co. from $28.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 13.51% from the company's current price.

BWIN has been the subject of a number of other reports. Keefe, Bruyette & Woods reduced their price target on shares of Baldwin Insurance Group from $29.00 to $26.00 and set an "outperform" rating for the company in a research report on Tuesday. Wells Fargo & Company boosted 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 report on Thursday. Jefferies Financial Group reissued a "hold" rating and issued a $28.00 price target on shares of Baldwin Insurance Group in a research report on Monday, December 15th. UBS Group reduced their price target on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, March 9th. Finally, Zacks Research cut shares of Baldwin Insurance Group from a "hold" rating to a "strong sell" rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.29.

Baldwin Insurance Group Stock Down 3.2%

Shares of Baldwin Insurance Group stock traded down $0.74 during trading on Thursday, hitting $22.03. 524,808 shares of the stock were exchanged, compared to its average volume of 1,692,627. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -45.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.30. The firm's 50-day moving average price is $20.20 and its 200 day moving average price is $23.81. Baldwin Insurance Group has a 12-month low of $15.88 and a 12-month high of $45.16. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.16 and a quick ratio of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $347.28 million during the quarter, compared to analysts' expectations of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. As a group, analysts forecast 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, Director Paul Eugene Sparks bought 15,200 shares of Baldwin Insurance Group stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $22.10 per share, with a total value of $335,920.00. Following the completion of the acquisition, the director owned 996,706 shares of the company's stock, valued at approximately $22,027,202.60. This represents a 1.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $21.25, for a total transaction of $2,549,723.75. The disclosure for this sale is available in the SEC filing. 18.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BWIN. William Blair Investment Management LLC increased its stake in shares of Baldwin Insurance Group by 47.8% during the fourth quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company's stock worth $181,278,000 after acquiring an additional 2,439,118 shares during the period. Champlain Investment Partners LLC increased its stake in shares of Baldwin Insurance Group by 20.3% during the third quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company's stock worth $110,467,000 after acquiring an additional 659,433 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Baldwin Insurance Group by 25.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company's stock worth $69,060,000 after acquiring an additional 579,936 shares during the period. MetLife Investment Management LLC increased its stake in shares of Baldwin Insurance Group by 1,376.4% during the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company's stock worth $14,882,000 after acquiring an additional 577,345 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of Baldwin Insurance Group during the third quarter worth about $14,177,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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