Baldwin Insurance Group (NASDAQ:BWIN) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Baldwin Insurance Group reported quarterly EPS of $0.42, $0.01 below analyst expectations, while revenue of $480.26 million also fell short of the $492.65 million consensus.
• Revenue rose 31.4% year over year, and EPS increased from $0.31 in the same quarter last year; the company reported a negative net margin of 4.67%.
• Analyst sentiment was mostly cautious: the consensus rating was “Reduce,” with a $31.20 average price target. Shares traded at $32.15 on Monday.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01), FiscalAI reports. The company had revenue of $480.26 million for the quarter, compared to analysts' expectations of $492.65 million. Baldwin Insurance Group had a negative net margin of 4.67% and a positive return on equity of 12.67%. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share.

Baldwin Insurance Group Price Performance

Shares of Baldwin Insurance Group stock traded up $0.17 during trading on Monday, reaching $32.15. 960,725 shares of the stock traded hands, compared to its average volume of 1,923,038. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $32.71. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day simple moving average of $31.57 and a two-hundred day simple moving average of $25.27. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of -30.91, a P/E/G ratio of 1.03 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BWIN. William Blair downgraded shares of Baldwin Insurance Group from an "outperform" rating to a "hold" rating in a report on Monday, September 14th. BMO Capital Markets increased their price objective on shares of Baldwin Insurance Group from $26.00 to $32.50 and gave the stock a "market perform" rating in a research note on Tuesday, September 15th. Keefe, Bruyette & Woods downgraded shares of Baldwin Insurance Group from an "outperform" rating to a "market perform" rating and set a $32.50 price objective on the stock. in a research report on Monday, October 12th. UBS Group cut shares of Baldwin Insurance Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $37.00 to $32.50 in a research note on Friday, October 2nd. Finally, Raymond James Financial downgraded shares of Baldwin Insurance Group from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $31.20.

About Baldwin Insurance Group

The Baldwin Insurance Group, Inc is an insurance brokerage and advisory firm that helps individuals and businesses assess and manage risk. Its services include placing personal and commercial insurance coverage, advising on employee benefits, and providing risk-management support.

The company also serves specialty insurance markets through wholesale brokerage and underwriting-related services, connecting clients and insurance distributors with coverage providers. Its offerings span a range of industries and insurance needs.

Founded in 2011 and headquartered in Tampa, Florida, the company was formerly known as Baldwin Risk Partners before adopting The Baldwin Insurance Group name in 2024.

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