Baldwin Insurance Group (NASDAQ:BWIN) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up: BWIN opened Monday at $23.25 versus a prior close of $22.03 and last traded around $22.44 on roughly 160,000 shares.
• Analyst picture is mixed but cautious: The consensus is a "Hold" with an average target of $30.13 (1 Strong Buy, 4 Buy, 4 Hold, 2 Sell), and several firms recently lowered price targets (e.g., JPMorgan to $25, UBS to $40, BofA to $36).
• Earnings, fundamentals and insider moves: Q4 EPS beat ($0.31 vs $0.29) but revenue missed; the company has a negative net margin (-2.25%) and negative P/E (-44.27) with a ~$3.1B market cap, and Director Paul Sparks bought 29,000 shares while insiders own 18.51%.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $22.03, but opened at $23.25. Baldwin Insurance Group shares last traded at $22.4350, with a volume of 159,983 shares traded.

Wall Street Analyst Weigh In

BWIN has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Baldwin Insurance Group from $28.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Bank of America reduced their target price on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. UBS Group lowered their price target on Baldwin Insurance Group from $44.00 to $40.00 and set a "buy" rating for the company in a report on Monday, March 9th. Finally, Keefe, Bruyette & Woods cut their price objective on Baldwin Insurance Group from $29.00 to $26.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.13.

Baldwin Insurance Group Stock Performance

The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of -44.27, a price-to-earnings-growth ratio of 0.85 and a beta of 1.23. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.16 and a current ratio of 1.16. The company's fifty day simple moving average is $21.91 and its two-hundred day simple moving average is $23.26.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $347.28 million during the quarter, compared to analyst estimates of $351.75 million. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. Equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Paul Eugene Sparks purchased 29,000 shares of Baldwin Insurance Group stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $22.96 per share, for a total transaction of $665,840.00. Following the transaction, the director owned 981,506 shares in the company, valued at $22,535,377.76. This represents a 3.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $21.25, for a total transaction of $2,549,723.75. The SEC filing for this sale provides additional information. Company insiders own 18.51% of the company's stock.

Institutional Trading of Baldwin Insurance Group

Several hedge funds have recently bought and sold shares of BWIN. William Blair Investment Management LLC lifted its position in Baldwin Insurance Group by 47.8% in the 4th quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company's stock valued at $181,278,000 after purchasing an additional 2,439,118 shares during the last quarter. Champlain Investment Partners LLC lifted its position in Baldwin Insurance Group by 20.3% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,915,879 shares of the company's stock valued at $110,467,000 after purchasing an additional 659,433 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Baldwin Insurance Group by 25.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,873,887 shares of the company's stock worth $69,060,000 after buying an additional 579,936 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Baldwin Insurance Group by 1,376.4% during the 4th quarter. MetLife Investment Management LLC now owns 619,292 shares of the company's stock worth $14,882,000 after buying an additional 577,345 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Baldwin Insurance Group during the 3rd quarter worth about $14,177,000. 77.49% of the stock is currently owned by institutional investors.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc NASDAQ: BWIN is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers' compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.

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