Baldwin Insurance Group (NASDAQ:BWIN) Rating Increased to Hold at Zacks Research

Key Points

• Baldwin Insurance Group has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a shift in analyst sentiment towards the stock.
• Analyst ratings for BWIN vary, with an average rating of "hold" and a price target set at $43.67, indicating diverse opinions within the analyst community.
• Institutional investors have significantly increased their holdings, with 77.49% of stocks owned by hedge funds and institutional investors, demonstrating strong institutional interest in BWIN.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also weighed in on BWIN. Raymond James Financial restated an "outperform" rating and set a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a research report on Thursday, August 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of Baldwin Insurance Group in a report on Saturday, September 27th. BMO Capital Markets decreased their price target on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Wall Street Zen downgraded shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company raised their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $43.67.

Baldwin Insurance Group Price Performance

BWIN stock opened at $28.96 on Monday. The firm has a market cap of $3.44 billion, a P/E ratio of -99.86, a P/E/G ratio of 1.24 and a beta of 1.39. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. The company's 50-day moving average price is $31.59 and its two-hundred day moving average price is $37.66. Baldwin Insurance Group has a 12 month low of $26.33 and a 12 month high of $55.82.

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

Insider Activity at Baldwin Insurance Group

In related news, CFO Bradford Hale bought 10,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were bought at an average price of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the purchase, the chief financial officer directly owned 144,659 shares of the company's stock, valued at approximately $4,154,606.48. This trade represents a 7.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.14% of the company's stock.

Institutional Trading of Baldwin Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Baldwin Insurance Group by 10,061.5% during the 1st quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock worth $813,000 after purchasing an additional 18,010 shares during the period. Rhumbline Advisers grew its holdings in Baldwin Insurance Group by 3.9% during the first quarter. Rhumbline Advisers now owns 93,160 shares of the company's stock worth $4,163,000 after acquiring an additional 3,478 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Baldwin Insurance Group by 89.5% during the first quarter. Harbor Capital Advisors Inc. now owns 97,778 shares of the company's stock worth $4,370,000 after acquiring an additional 46,171 shares during the period. Sapient Capital LLC acquired a new position in Baldwin Insurance Group during the first quarter worth $2,234,000. Finally, Aubrey Capital Management Ltd purchased a new stake in Baldwin Insurance Group during the first quarter worth $1,878,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Baldwin Insurance Group Company Profile

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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