Wells Fargo & Company Increases The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $39.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective upped by stock analysts at Wells Fargo & Company from $34.00 to $39.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 8.67% from the stock’s current price.

A number of other equities research analysts have also commented on BWIN. UBS Group upped their target price on The Baldwin Insurance Group from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods upped their target price on The Baldwin Insurance Group from $34.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, June 28th. Raymond James restated a “strong-buy” rating and issued a $45.00 price objective (up previously from $40.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on The Baldwin Insurance Group from $33.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, The Baldwin Insurance Group presently has an average rating of “Buy” and an average price target of $41.20.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN traded up $1.20 during trading hours on Wednesday, reaching $42.70. The stock had a trading volume of 87,819 shares, compared to its average volume of 403,946. The company’s fifty day moving average is $37.10. The stock has a market cap of $5.02 billion, a PE ratio of -45.66, a P/E/G ratio of 1.18 and a beta of 1.58. The Baldwin Insurance Group has a 52-week low of $17.33 and a 52-week high of $44.87. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. The Baldwin Insurance Group had a positive return on equity of 9.21% and a negative net margin of 4.29%. The Baldwin Insurance Group’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, equities research analysts forecast that The Baldwin Insurance Group will post 1.08 EPS for the current year.

Insiders Place Their Bets

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total value of $4,262,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 20.14% of the company’s stock.

About The 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.