The Baldwin Insurance Group (NASDAQ:BWIN) Reaches New 12-Month High at $47.35

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN)’s share price hit a new 52-week high on Thursday . The stock traded as high as $47.35 and last traded at $46.73, with a volume of 13648 shares. The stock had previously closed at $46.84.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BWIN. UBS Group boosted their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Keefe, Bruyette & Woods boosted their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Raymond James restated a “strong-buy” rating and set a $45.00 target price (up from $40.00) on shares of The Baldwin Insurance Group in a 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 company an “overweight” rating in a report on Thursday, July 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of “Buy” and an average price target of $43.60.

The Baldwin Insurance Group Stock Down 0.4 %

The stock has a market capitalization of $5.48 billion, a P/E ratio of -50.91, a PEG ratio of 1.30 and a beta of 1.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.34. The business’s 50-day moving average is $41.10.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company 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 10.46% and a negative net margin of 3.67%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 earnings per share. As a group, equities research analysts predict that The Baldwin Insurance Group, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, insider James Morgan Roche sold 36,684 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the sale, the insider now owns 396,815 shares of the company’s stock, valued at $16,650,357.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider James Morgan Roche sold 36,684 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the sale, the insider now owns 396,815 shares of the company’s stock, valued at $16,650,357.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 50,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $46.74, for a total value of $2,337,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 508,616 shares of company stock valued at $21,947,676 over the last quarter. 20.14% of the stock is owned by company insiders.

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.