The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Average Rating of “Moderate Buy” from Analysts

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $46.83.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company restated an “underweight” rating and issued a $41.00 target price (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. Jefferies Financial Group raised their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a report on Thursday, October 17th.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 20.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Baldwin Insurance Group stock. JPMorgan Chase & Co. increased its stake in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) by 1,946.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,235,868 shares of the company’s stock after purchasing an additional 1,175,484 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.05% of The Baldwin Insurance Group worth $61,546,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 77.49% of the company’s stock.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN opened at $38.84 on Monday. 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 company has a market capitalization of $4.57 billion, a P/E ratio of -60.69, a P/E/G ratio of 1.27 and a beta of 1.58. The stock’s fifty day moving average is $45.45 and its two-hundred day moving average is $44.01. The Baldwin Insurance Group has a 52 week low of $21.70 and a 52 week high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same quarter last year, the firm earned $0.15 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts expect that The Baldwin Insurance Group will post 1.01 EPS for the current year.

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.