Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 52-Week Low - What's Next?

Key Points

• Baldwin Insurance Group's stock has reached a new 52-week low, trading as low as $27.53 before closing at $28.21, indicating ongoing volatility in the market.
• Analyst ratings are mixed, with a consensus rating of "Hold" and an average price target of $43.67, but several analysts have downgraded their price targets recently.
• The company's quarterly earnings showed a revenue increase of 11.5% year-over-year, with an EPS of $0.42, matching analyst expectations.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $27.53 and last traded at $28.21, with a volume of 873140 shares trading hands. The stock had previously closed at $27.90.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen raised Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Wells Fargo & Company increased their price target on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research note on Thursday, July 10th. Raymond James Financial reissued an "outperform" rating and set a $40.00 price target (down from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Zacks Research raised Baldwin Insurance Group to a "strong sell" rating in a research note on Tuesday, August 12th. Finally, BMO Capital Markets dropped their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, June 13th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Baldwin Insurance Group has a consensus rating of "Hold" and an average price target of $43.67.

Baldwin Insurance Group Stock Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a fifty day moving average price of $32.77 and a two-hundred day moving average price of $38.16. The stock has a market capitalization of $3.35 billion, a PE ratio of -97.28, a P/E/G ratio of 1.25 and a beta of 1.43.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $378.81 million for 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%.Baldwin Insurance Group's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. Research analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Baldwin Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC bought a new stake in Baldwin Insurance Group during the 2nd quarter valued at $961,000. Advisory Services Network LLC boosted its position in Baldwin Insurance Group by 9.7% during the 2nd quarter. Advisory Services Network LLC now owns 14,379 shares of the company's stock valued at $616,000 after acquiring an additional 1,277 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Baldwin Insurance Group by 8.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,920,530 shares of the company's stock valued at $82,218,000 after acquiring an additional 142,506 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Baldwin Insurance Group by 11.0% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 20,452 shares of the company's stock valued at $877,000 after acquiring an additional 2,025 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Baldwin Insurance Group by 284.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,610 shares of the company's stock valued at $411,000 after acquiring an additional 7,111 shares in the last quarter. Institutional investors own 77.49% of the company's stock.

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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