Baldwin Insurance Group (NASDAQ:BWIN) Trading Up 4.3% - Should You Buy?

Key Points

• Baldwin Insurance Group's share price increased by 4.3% during trading, reaching $28.83, despite a significant drop in trading volume to approximately 166,523 shares.
• Multiple analysts have rated the stock, with a consensus average rating of "Hold" and a target price of $43.67, although ratings fluctuate from "buy" to "sell" among different firms.
• The company's latest earnings report revealed a revenue increase of 11.5% year-over-year, with earnings per share meeting expectations at $0.42.

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report)'s share price was up 4.3% during trading on Tuesday . The stock traded as high as $28.74 and last traded at $28.83. Approximately 166,523 shares changed hands during trading, a decline of 76% from the average daily volume of 688,023 shares. The stock had previously closed at $27.64.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BWIN shares. Weiss Ratings restated a "sell (d-)" rating on shares of Baldwin Insurance Group in a research note on Saturday, September 27th. BMO Capital Markets cut 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. Wells Fargo & Company upped 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. Wall Street Zen lowered Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $40.00 price objective (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $43.67.

Baldwin Insurance Group Price Performance

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53. The company has a market cap of $3.39 billion, a price-to-earnings ratio of -98.58, a price-to-earnings-growth ratio of 1.29 and a beta of 1.39. The company has a fifty day simple moving average of $31.75 and a two-hundred day simple moving average of $37.72.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $378.81 million for the quarter, compared to analyst estimates 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 revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, equities research analysts anticipate that Baldwin Insurance Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In related news, CFO Bradford Hale acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $28.72 per share, with a total value of $287,200.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.14% of the stock is currently owned by insiders.

Institutional Trading of Baldwin Insurance Group

A number of large investors have recently made changes to their positions in BWIN. KBC Group NV boosted its stake 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 buying an additional 396 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Baldwin Insurance Group by 29.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,834 shares of the company's stock worth $79,000 after buying an additional 419 shares during the last quarter. US Bancorp DE boosted its stake in Baldwin Insurance Group by 6.5% in the 1st quarter. US Bancorp DE now owns 7,337 shares of the company's stock worth $328,000 after buying an additional 450 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Baldwin Insurance Group by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,341 shares of the company's stock worth $443,000 after buying an additional 470 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Baldwin Insurance Group by 3.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,529 shares of the company's stock worth $579,000 after buying an additional 504 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

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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