Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 1-Year Low - Here's Why

Key Points

• Baldwin Insurance Group's stock reached a new 52-week low of $26.28, closing at $26.37 with significant trading volume of 319,515 shares.
• Recent analyst ratings reflect a bearish outlook, with Wall Street Zen downgrading the stock from "hold" to "sell" and several firms adjusting their price targets downward, highlighting a consensus rating of "Hold" with a target of $37.67.
• In a recent development, CFO Bradford Hale purchased 10,000 shares at an average cost of $28.72, signaling insider confidence despite the stock's poor performance.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $26.28 and last traded at $26.37, with a volume of 319515 shares. The stock had previously closed at $27.19.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BWIN shares. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. JPMorgan Chase & Co. dropped their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, October 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. BMO Capital Markets reiterated a "market perform" rating and set a $33.00 price target (down previously from $38.00) on shares of Baldwin Insurance Group in a report on Monday. Finally, Raymond James Financial reiterated an "outperform" rating and set a $40.00 price target (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $37.67.

Baldwin Insurance Group Trading Down 3.3%

The firm has a fifty day simple moving average of $30.78 and a two-hundred day simple moving average of $37.06. The stock has a market cap of $3.12 billion, a PE ratio of -90.69, a PEG ratio of 1.22 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.53.

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

Insider Activity at Baldwin Insurance Group

In other news, CFO Bradford Hale acquired 10,000 shares of Baldwin Insurance Group stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the transaction, the chief financial officer owned 144,659 shares of the company's stock, valued at $4,154,606.48. This trade represents a 7.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 20.14% of the company's stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of BWIN. MTM Investment Management LLC bought a new position in Baldwin Insurance Group during the 2nd quarter worth approximately $30,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Baldwin Insurance Group in the 2nd quarter valued at approximately $58,000. Strs Ohio purchased a new position in shares of Baldwin Insurance Group in the 1st quarter valued at approximately $72,000. First Horizon Advisors Inc. raised its stake in Baldwin Insurance Group by 29.6% during the second quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company's stock valued at $79,000 after buying an additional 419 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Baldwin Insurance Group by 3,664.0% during the second quarter. IFP Advisors Inc now owns 2,823 shares of the company's stock valued at $128,000 after buying an additional 2,748 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.

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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