Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 1-Year Low - What's Next?

Key Points

• Baldwin Insurance Group's stock reached a new 52-week low at $22.60 and closed at $22.80, with significant trading volume of over 1 million shares.
• Equity analysts have mixed opinions on Baldwin Insurance Group, with a consensus rating of "Hold" and an average target price of $37.67, while some firms downgraded their price targets significantly.
• The company's recent quarterly earnings showed a revenue increase of 11.5% year-over-year, reporting $378.81 million, with earnings per share matching analysts' expectations at $0.42.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.60 and last traded at $22.80, with a volume of 1056056 shares traded. The stock had previously closed at $23.13.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BWIN shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Baldwin Insurance Group in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Baldwin Insurance Group from $31.00 to $28.00 and set an "underweight" rating for the company in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Baldwin Insurance Group from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. BMO Capital Markets reaffirmed a "market perform" rating and set a $33.00 target price (down from $38.00) on shares of Baldwin Insurance Group in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. cut their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, October 9th. Two investment 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, the stock currently has a consensus rating of "Hold" and an average target price of $37.67.

Baldwin Insurance Group Stock Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $2.71 billion, a P/E ratio of -78.62, a P/E/G ratio of 1.13 and a beta of 1.39. The stock's fifty day moving average price is $30.20 and its two-hundred day moving average price is $36.43.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. The business had revenue of $378.81 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. As a group, equities analysts predict that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current year.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, CFO Bradford Hale bought 10,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $28.72 per share, for a total transaction of $287,200.00. Following the completion of the transaction, the chief financial officer directly owned 144,659 shares in the company, valued at approximately $4,154,606.48. The trade was a 7.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 18.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. increased its position in Baldwin Insurance Group by 36.4% during the 1st quarter. Bessemer Group Inc. now owns 43,065 shares of the company's stock worth $1,924,000 after purchasing an additional 11,485 shares in the last quarter. Diversified Trust Co grew its position in Baldwin Insurance Group by 35.4% during the 1st quarter. Diversified Trust Co now owns 27,542 shares of the company's stock worth $1,231,000 after acquiring an additional 7,206 shares during the last quarter. KBC Group NV increased its holdings in Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after purchasing an additional 396 shares in the last quarter. Peregrine Capital Management LLC raised its position in Baldwin Insurance Group by 3.1% in the first quarter. Peregrine Capital Management LLC now owns 429,484 shares of the company's stock valued at $19,194,000 after purchasing an additional 12,908 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Baldwin Insurance Group in the first quarter valued at about $441,000. 77.49% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.