Keefe, Bruyette & Woods Issues Pessimistic Forecast for Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

Key Points

• Keefe, Bruyette & Woods cut its price target on Baldwin Insurance Group from $29 to $26 while keeping an "outperform" rating, implying about a 20.8% upside from the stock's then-current price.
• Analyst views are mixed with a consensus "Hold" and an average price target of $29.43 (1 Strong Buy, 3 Buy, 4 Hold, 2 Sell); notable moves include JPMorgan trimming its target to $28 (neutral) and TD Cowen initiating coverage at Buy.
• Shares traded around $21.52 (down ~2.8%) with a $3.07B market cap; insiders remain active—a director bought 29,000 shares while a major shareholder sold ~120,000, and insiders own 18.51% of the stock.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) had its price objective decreased by research analysts at Keefe, Bruyette & Woods from $29.00 to $26.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 20.83% from the company's current price.

A number of other research firms have also recently commented on BWIN. Weiss Ratings reiterated a "sell (e+)" rating on shares of Baldwin Insurance Group in a research report on Friday, March 27th. Zacks Research downgraded Baldwin Insurance Group from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Wall Street Zen raised Baldwin Insurance Group from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. TD Cowen started coverage on Baldwin Insurance Group in a research note on Wednesday, February 25th. They issued a "buy" rating for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Baldwin Insurance Group from $33.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued 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 stock has an average rating of "Hold" and a consensus price target of $29.43.

Baldwin Insurance Group Stock Down 2.8%

Shares of BWIN traded down $0.61 during mid-day trading on Tuesday, reaching $21.52. The company's stock had a trading volume of 449,513 shares, compared to its average volume of 1,704,890. The company's 50 day moving average is $20.26 and its 200 day moving average is $23.88. Baldwin Insurance Group has a 12-month low of $15.88 and a 12-month high of $45.16. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $3.07 billion, a PE ratio of -43.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.30.

Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Baldwin Insurance Group had a negative net margin of 2.25% and a positive return on equity of 12.60%. The firm had revenue of $347.28 million for the quarter, compared to the consensus estimate of $351.75 million. During the same period last year, the firm posted $0.27 EPS. The company's revenue was up 5.3% on a year-over-year basis. Equities analysts anticipate that Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Paul Eugene Sparks purchased 29,000 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was acquired at an average price of $22.96 per share, for a total transaction of $665,840.00. Following the completion of the purchase, the director directly owned 981,506 shares of the company's stock, valued at $22,535,377.76. This trade represents a 3.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Elizabeth Krystyn sold 119,987 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $21.25, for a total value of $2,549,723.75. The disclosure for this sale is available in the SEC filing. Insiders own 18.51% of the company's stock.

Institutional Trading of Baldwin Insurance Group

Several hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Baldwin Insurance Group by 666.5% during the fourth quarter. Larson Financial Group LLC now owns 1,211 shares of the company's stock worth $29,000 after purchasing an additional 1,053 shares in the last quarter. Dorato Capital Management purchased a new stake in Baldwin Insurance Group in the 4th quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in Baldwin Insurance Group during the 3rd quarter worth approximately $39,000. Wealth Preservation Advisors LLC purchased a new position in shares of Baldwin Insurance Group during the 4th quarter worth approximately $46,000. Finally, AlphaQuest LLC raised its stake in shares of Baldwin Insurance Group by 249.2% during the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company's stock worth $55,000 after buying an additional 1,393 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Baldwin Insurance Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.