Baldwin Insurance Group (NASDAQ:BWIN) Shares Down 5.2% - Time to Sell?

Key Points

• Baldwin Insurance Group shares dropped 5.2%, trading at $27.23, with volume down 78% from the average.
• Analysts have mixed views, with a consensus rating of "Hold" and a price target of $37.67; some have downgraded the stock to a sell.
• CFO Bradford Hale purchased 10,000 shares at an average cost of $28.72, increasing his holding by 7.43%.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) shares fell 5.2% during mid-day trading on Monday . The stock traded as low as $27.89 and last traded at $27.23. 150,835 shares traded hands during trading, a decline of 78% from the average session volume of 689,808 shares. The stock had previously closed at $28.73.

Wall Street Analysts Forecast Growth

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

Baldwin Insurance Group Price Performance

The stock has a 50-day moving average of $31.14 and a two-hundred day moving average of $37.25. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -95.93, a price-to-earnings-growth ratio of 1.29 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $378.81 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Insider Activity at Baldwin Insurance Group

In related news, CFO Bradford Hale acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $28.72 per share, with a total value of $287,200.00. Following the completion of the transaction, the chief financial officer 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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 modified their holdings of BWIN. GAMMA Investing LLC raised its holdings in shares of Baldwin Insurance Group by 10,061.5% during the first quarter. GAMMA Investing LLC now owns 18,189 shares of the company's stock worth $813,000 after acquiring an additional 18,010 shares in the last quarter. Brown Miller Wealth Management LLC acquired a new position in Baldwin Insurance Group in the 1st quarter worth about $236,000. Bessemer Group Inc. raised its stake in shares of 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 raised its position in Baldwin Insurance Group by 35.4% during the first quarter. Diversified Trust Co now owns 27,542 shares of the company's stock valued at $1,231,000 after acquiring an additional 7,206 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after purchasing an additional 396 shares during the last quarter. 77.49% of the stock is currently owned by hedge funds and other 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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