Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 12-Month Low - Here's Why

Key Points

• Baldwin Insurance Group (NASDAQ:BWIN) shares hit a new 52-week low at $28.64, with recent trading showing a decrease from a previous close of $29.12.
• Analysts have revised their price targets for Baldwin Insurance Group, with BMO Capital Markets and Raymond James reducing their targets significantly, while Zacks Research upgraded the firm to a "strong sell" rating.
• Insider trading activity includes CFO Bradford Hale acquiring 10,000 shares at $28.72 each, increasing his stake in the company and reflecting confidence from insiders amidst recent stock price declines.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.64 and last traded at $28.71, with a volume of 49617 shares traded. The stock had previously closed at $29.12.

Analyst Ratings Changes

Several research firms have recently issued reports on BWIN. BMO Capital Markets lowered their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Raymond James Financial reiterated an "outperform" rating and issued a $40.00 price objective (down from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Zacks Research upgraded Baldwin Insurance Group to a "strong sell" rating in a report on Tuesday, August 12th. Wells Fargo & Company lifted their price objective on Baldwin Insurance Group from $34.00 to $36.00 and gave the stock an "underweight" rating in a report on Thursday, July 10th. Finally, Wall Street Zen upgraded Baldwin Insurance Group from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Baldwin Insurance Group presently has an average rating of "Hold" and an average target price of $43.67.

Baldwin Insurance Group Trading Down 2.3%

The stock has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $38.48. The firm has a market capitalization of $3.38 billion, a P/E ratio of -98.36, a P/E/G ratio of 1.34 and a beta of 1.43. 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 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 company had revenue of $378.81 million during the quarter, compared to the consensus estimate of $375.38 million. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The firm's revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. On average, equities research analysts forecast that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, CFO Bradford Hale acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $28.72 per share, for a total transaction of $287,200.00. Following the purchase, the chief financial officer owned 144,659 shares in the company, valued at $4,154,606.48. The trade was a 7.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 18.51% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MTM Investment Management LLC purchased a new stake in shares of Baldwin Insurance Group during the 2nd quarter worth approximately $30,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Baldwin Insurance Group during the 2nd quarter worth approximately $58,000. Strs Ohio purchased a new stake in shares of Baldwin Insurance Group during the 1st quarter worth approximately $72,000. First Horizon Advisors Inc. raised its holdings in shares of Baldwin Insurance Group by 29.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company's stock worth $79,000 after acquiring an additional 419 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Baldwin Insurance Group during the 4th quarter valued at $82,000. 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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