The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Short Interest Update

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,750,000 shares, a growth of 18.7% from the October 15th total of 3,160,000 shares. Currently, 5.6% of the company’s stock are sold short. Based on an average daily trading volume, of 628,600 shares, the days-to-cover ratio is currently 6.0 days.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, insider James Morgan Roche sold 75,380 shares of The Baldwin Insurance Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $42.79, for a total value of $3,225,510.20. Following the completion of the transaction, the insider now owns 108,846 shares of the company’s stock, valued at $4,657,520.34. The trade was a 40.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction dated 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. Over the last 90 days, insiders sold 200,380 shares of company stock valued at $9,037,260. 20.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BWIN. Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. 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 research report on Wednesday, August 7th. Finally, 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 research report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.17.

The Baldwin Insurance Group Stock Down 1.0 %

Shares of The Baldwin Insurance Group stock traded down $0.46 during trading hours on Friday, reaching $43.93. 468,252 shares of the stock traded hands, compared to its average volume of 475,682. The business’s 50 day moving average is $48.99. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of -68.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.60. The Baldwin Insurance Group has a one year low of $17.33 and a one year high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

The Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. Sell-side analysts anticipate that The Baldwin Insurance Group will post 1.03 earnings per share for the current year.

The Baldwin Insurance Group Company Profile

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.