Brokerages Set Baldwin Insurance Group, Inc. (NASDAQ:BWIN) PT at $30.00

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $30.00.

A number of analysts recently issued reports on BWIN shares. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Morgan Stanley set a $28.00 price target on shares of Baldwin Insurance Group in a research note on Monday, June 22nd. Wells Fargo & Company upped their price target on shares of Baldwin Insurance Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a research report on Monday, June 15th. Finally, BMO Capital Markets boosted their price objective on shares of Baldwin Insurance Group from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd.

Baldwin Insurance Group Stock Performance

BWIN stock opened at $25.89 on Tuesday. Baldwin Insurance Group has a 1-year low of $15.88 and a 1-year high of $41.63. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.69 billion, a PE ratio of -38.64, a P/E/G ratio of 0.90 and a beta of 1.08. The business’s 50-day moving average price is $22.74 and its two-hundred day moving average price is $22.21.

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

Insider Transactions at Baldwin Insurance Group

In other Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 130,018 shares of Baldwin Insurance Group stock in a transaction dated 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 SEC, which is accessible through this link. Company insiders own 15.80% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

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

Baldwin Insurance Group Company Profile

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.