Baldwin Insurance Group (NASDAQ:BWIN) Shares Down 6.2% – Should You Sell?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) fell 6.2% on Wednesday . The company traded as low as $17.72 and last traded at $17.5350. 691,262 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,580,173 shares. The stock had previously closed at $18.69.

Analysts Set New Price Targets

Several analysts have commented on BWIN shares. TD Cowen reiterated a “buy” rating on shares of Baldwin Insurance Group in a research note on Monday. Keefe, Bruyette & Woods decreased their price target on Baldwin Insurance Group from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Wells Fargo & Company increased their price objective on Baldwin Insurance Group from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial raised Baldwin Insurance Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $20.00 to $30.00 in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Baldwin Insurance Group currently has an average rating of “Hold” and a consensus price target of $29.62.

Baldwin Insurance Group Trading Up 16.8%

The company has a market cap of $2.89 billion, a P/E ratio of -30.21, a P/E/G ratio of 0.61 and a beta of 1.16. The stock’s 50-day moving average is $21.06 and its two-hundred day moving average is $21.91. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last issued its earnings results on Monday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $532.24 million during the quarter, compared to analysts’ expectations of $524.07 million. During the same quarter in the prior year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, equities research analysts predict that Baldwin Insurance Group, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC increased its position in Baldwin Insurance Group by 47.8% in 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 in the last quarter. UBS Group AG raised its stake in shares of Baldwin Insurance Group by 42.9% in the fourth quarter. UBS Group AG now owns 686,318 shares of the company’s stock worth $16,492,000 after buying an additional 205,997 shares during the period. Fenimore Asset Management Inc lifted its position in shares of Baldwin Insurance Group by 14.9% during the 4th quarter. Fenimore Asset Management Inc now owns 582,850 shares of the company’s stock valued at $14,006,000 after buying an additional 75,793 shares in the last quarter. Aristotle Capital Boston LLC lifted its position in shares of Baldwin Insurance Group by 53.6% during the 3rd quarter. Aristotle Capital Boston LLC now owns 655,965 shares of the company’s stock valued at $18,505,000 after buying an additional 228,940 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC grew its stake in shares of Baldwin Insurance Group by 584.8% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 66,901 shares of the company’s stock valued at $1,608,000 after acquiring an additional 57,131 shares during the period. Institutional investors own 77.49% of the company’s stock.

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.