Baldwin Insurance Group (NASDAQ:BWIN) Given New $30.00 Price Target at JPMorgan Chase & Co.

Baldwin Insurance Group (NASDAQ:BWIN) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $28.00 to $30.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 9.43% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Bank of America decreased their price target on 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. Keefe, Bruyette & Woods lifted their price target on Baldwin Insurance Group from $26.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Zacks Research raised shares of Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. BMO Capital Markets increased their price objective on shares of Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 23rd. Finally, UBS Group decreased their price target on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Baldwin Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Baldwin Insurance Group Stock Performance

Shares of BWIN traded up $0.91 on Monday, reaching $27.41. 250,865 shares of the stock traded hands, compared to its average volume of 1,671,130. The stock’s 50-day moving average price is $21.69 and its 200-day moving average price is $22.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -41.00, a P/E/G ratio of 0.94 and a beta of 1.08. Baldwin Insurance Group has a 12 month low of $15.88 and a 12 month high of $43.64.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its earnings results on Monday, May 4th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $532.24 million during the quarter, compared to the consensus estimate of $524.07 million. Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The business’s revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Equities analysts forecast that Baldwin Insurance Group will post 1.38 EPS for the current fiscal year.

Insider Activity at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.51% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several large investors have recently bought and sold shares of BWIN. William Blair Investment Management LLC boosted its stake in shares of Baldwin Insurance Group by 47.8% during the fourth quarter. William Blair Investment Management LLC now owns 7,543,813 shares of the company’s stock valued at $181,278,000 after purchasing an additional 2,439,118 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in Baldwin Insurance Group by 11,089.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,717,538 shares of the company’s stock worth $37,683,000 after buying an additional 1,702,189 shares during the period. Bank of New York Mellon Corp boosted its position in Baldwin Insurance Group by 36.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock worth $85,963,000 after buying an additional 1,044,200 shares during the period. MetLife Investment Management LLC grew its holdings in Baldwin Insurance Group by 1,376.4% during the 4th quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after acquiring an additional 577,345 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Baldwin Insurance Group during the 3rd quarter worth approximately $14,177,000. 77.49% of the stock is currently owned by institutional investors.

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.