Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $29.65, but opened at $31.84. Baldwin Insurance Group shares last traded at $31.8050, with a volume of 10,944,322 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on BWIN shares. UBS Group upped their price objective on shares of Baldwin Insurance Group from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Morgan Stanley set a $28.00 target price on Baldwin Insurance Group in a report on Monday, June 22nd. Wells Fargo & Company boosted their price target on Baldwin Insurance Group from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. TD Cowen reiterated a "buy" rating on shares of Baldwin Insurance Group in a research note on Monday, June 15th. Finally, Weiss Ratings raised Baldwin Insurance Group from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.33.
Get Our Latest Stock Report on Baldwin Insurance Group
Baldwin Insurance Group Stock Up 7.7%
The stock has a market cap of $4.45 billion, a P/E ratio of -30.71, a P/E/G ratio of 0.96 and a beta of 1.03. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.73. The firm's fifty day moving average is $28.92 and its 200 day moving average is $24.20.
Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $492.94 million during the quarter, compared to analysts' expectations of $492.33 million. Baldwin Insurance Group had a negative net margin of 4.67% and a positive return on equity of 12.67%. The business's quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. As a group, equities research analysts forecast that Baldwin Insurance Group, Inc. will post 1.44 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Baldwin Insurance Group in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Baldwin Insurance Group by 238.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,278 shares of the company's stock valued at $28,000 after purchasing an additional 900 shares during the period. Larson Financial Group LLC boosted its holdings in Baldwin Insurance Group by 666.5% in the 4th quarter. Larson Financial Group LLC now owns 1,211 shares of the company's stock valued at $29,000 after purchasing an additional 1,053 shares during the period. Versant Capital Management Inc grew its position in Baldwin Insurance Group by 43.3% in the 2nd quarter. Versant Capital Management Inc now owns 1,201 shares of the company's stock worth $32,000 after purchasing an additional 363 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Baldwin Insurance Group in the 3rd quarter worth $39,000. 77.49% of the stock is owned by institutional investors.
About Baldwin Insurance Group
(
Get Free Report)
The Baldwin Insurance Group, Inc, operating under The Baldwin Group brand and traded on Nasdaq under the symbol BWIN, is an independent insurance distribution and advisory company. It helps individuals, businesses and organizations assess risks and obtain insurance coverage through a network of retail brokerage, wholesale brokerage, managing general agency and related insurance businesses.
The company offers commercial and personal property and casualty insurance, employee benefits, risk management and specialty insurance solutions.
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