Baldwin Insurance Group's (BWIN) Market Perform Rating Reaffirmed at BMO Capital Markets

Key Points

• Baldwin Insurance Group (BWIN) has had its "market perform" rating reaffirmed by BMO Capital Markets, with a revised price objective of $33.00, suggesting a potential upside of 14.86% from current pricing.
• Multiple analysts have provided varying ratings for the stock, with a consensus rating of "Hold" and a target price of $37.67, indicating mixed sentiments among market experts.
• Recently, CFO Bradford Hale bought 10,000 shares at an average cost of $28.72, demonstrating insider confidence in the company's stock.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report)'s stock had its "market perform" rating reiterated by analysts at BMO Capital Markets in a note issued to investors on Monday,Benzinga reports. They currently have a $33.00 price objective on the stock, down from their prior price objective of $38.00. BMO Capital Markets' price target indicates a potential upside of 14.86% from the stock's current price.

BWIN has been the subject of several other reports. JPMorgan Chase & Co. dropped their price target on Baldwin Insurance Group from $41.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday. Zacks Research upgraded Baldwin Insurance Group from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Raymond James Financial reissued an "outperform" rating and issued a $40.00 price objective (down from $48.00) on shares of Baldwin Insurance Group in a research note on Thursday, August 7th. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Baldwin Insurance Group in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $37.67.

Baldwin Insurance Group Stock Performance

BWIN opened at $28.73 on Monday. Baldwin Insurance Group has a 12-month low of $26.33 and a 12-month high of $55.82. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of -99.07, a PEG ratio of 1.29 and a beta of 1.39. The business has a 50 day moving average of $31.14 and a 200-day moving average of $37.25. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.53.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released 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. Baldwin Insurance Group had a positive return on equity of 13.24% and a negative net margin of 1.22%.The company had revenue of $378.81 million during the quarter, compared to analysts' expectations of $375.38 million. During the same period last year, the firm posted $0.34 earnings per share. The business's revenue was up 11.5% on a year-over-year basis. On average, equities research analysts expect that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Insider Transactions at Baldwin Insurance Group

In other news, CFO Bradford Hale bought 10,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was acquired 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 directly owned 144,659 shares of the company's stock, valued at $4,154,606.48. This represents a 7.43% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 20.14% of the stock is owned by corporate insiders.

Institutional Trading of Baldwin Insurance Group

Large investors have recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in Baldwin Insurance Group in the second quarter worth $30,000. Elevation Point Wealth Partners LLC purchased a new stake in Baldwin Insurance Group in the second quarter worth $58,000. Strs Ohio purchased a new stake in Baldwin Insurance Group in the first quarter worth $72,000. First Horizon Advisors Inc. increased its position in Baldwin Insurance Group by 29.6% in the second 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. Finally, IFP Advisors Inc increased its position in Baldwin Insurance Group by 3,664.0% in the second quarter. IFP Advisors Inc now owns 2,823 shares of the company's stock worth $128,000 after buying an additional 2,748 shares during the last quarter. 77.49% of the stock is 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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