Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of “Hold” by Analysts

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has earned an average rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $30.25.

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Baldwin Insurance Group from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Friday, March 27th. TD Cowen assumed coverage on shares of Baldwin Insurance Group in a research note on Wednesday, February 25th. They set a “buy” rating for the company. Zacks Research cut shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Bank of America decreased their price target on shares of Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total value of $2,756,381.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Several hedge funds have recently added to or reduced their stakes in BWIN. EverSource Wealth Advisors LLC lifted its holdings in Baldwin Insurance Group by 238.1% during 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 last quarter. Larson Financial Group LLC lifted its holdings in Baldwin Insurance Group by 666.5% during 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 last quarter. Dorato Capital Management acquired a new stake in Baldwin Insurance Group during the 4th quarter valued at $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Baldwin Insurance Group during the 3rd quarter valued at $39,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in Baldwin Insurance Group during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Price Performance

NASDAQ BWIN opened at $19.88 on Monday. The business has a 50 day simple moving average of $21.61 and a 200 day simple moving average of $22.49. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $45.16. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -29.67, a PEG ratio of 0.74 and a beta of 1.16.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $532.24 million for the quarter, compared to the consensus estimate of $524.07 million. Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.Baldwin Insurance Group’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. Analysts anticipate that Baldwin Insurance Group will post 1.27 earnings per share for the current fiscal year.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.