Baldwin Insurance Group (NASDAQ:BWIN) Downgraded to “Strong Sell” Rating by Raymond James Financial

Baldwin Insurance Group (NASDAQ:BWIN) was downgraded by equities research analysts at Raymond James Financial from a “strong-buy” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

A number of other research analysts have also recently commented on the stock. TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a report on Monday, June 15th. JPMorgan Chase & Co. lifted their price target on shares of Baldwin Insurance Group from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Morgan Stanley set a $28.00 price objective on shares of Baldwin Insurance Group in a research note on Monday, June 22nd. William Blair downgraded shares of Baldwin Insurance Group from an “outperform” rating to a “hold” rating in a report on Monday, September 14th. Finally, Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.17.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN opened at $31.85 on Wednesday. The company’s 50 day simple moving average is $29.77 and its 200 day simple moving average is $24.84. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -30.62, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.07 and a quick ratio of 1.07. Baldwin Insurance Group has a 1 year low of $15.88 and a 1 year high of $32.71.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $492.94 million during the quarter, compared to the consensus estimate of $492.33 million. Baldwin Insurance Group had a negative net margin of 4.67% and a positive return on equity of 12.67%. The company’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. Baldwin Insurance Group has set its Q3 2026 guidance at 0.420-0.460 EPS. As a group, research analysts predict that Baldwin Insurance Group will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Baldwin Insurance Group

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Baldwin Insurance Group in the second quarter worth approximately $25,000. Arizona State Retirement System grew its holdings in Baldwin Insurance Group by 8.5% during the second quarter. Arizona State Retirement System now owns 21,377 shares of the company’s stock worth $568,000 after buying an additional 1,678 shares in the last quarter. Nykredit A S purchased a new stake in Baldwin Insurance Group in the 2nd quarter valued at $109,000. HB Wealth Management LLC lifted its stake in Baldwin Insurance Group by 38.6% during the 2nd quarter. HB Wealth Management LLC now owns 103,226 shares of the company’s stock valued at $2,744,000 after acquiring an additional 28,775 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Baldwin Insurance Group during the 2nd quarter valued at $2,372,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc, operating under The Baldwin Group brand and traded on Nasdaq under the symbol BWIN, is an independent insurance distribution and advisory company. It helps individuals, businesses and organizations assess risks and obtain insurance coverage through a network of retail brokerage, wholesale brokerage, managing general agency and related insurance businesses.

The company offers commercial and personal property and casualty insurance, employee benefits, risk management and specialty insurance solutions.