Baldwin Insurance Group (NASDAQ:BWIN) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Baldwin Insurance Group (NASDAQ:BWIN) issued its quarterly earnings data on Thursday. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01, FiscalAI reports. The business had revenue of $492.94 million for the quarter, compared to analysts’ expectations of $492.33 million. Baldwin Insurance Group had a positive return on equity of 13.10% and a negative net margin of 4.67%.The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Baldwin Insurance Group updated its Q3 2026 guidance to 0.420-0.460 EPS.

Here are the key takeaways from Baldwin Insurance Group’s conference call:

• Second-quarter profitability and cash flow improved materially: revenue reached $493 million, adjusted EBITDA rose 37% to $117 million, and adjusted free cash flow increased 437% year over year to $46 million.
• Management said underlying organic growth was approximately 8% after adjusting for partnerships and temporary accounting and integration headwinds, and expects growth to accelerate to high-single digits or better in the fourth quarter.
• The CAC partnership continued to outperform, with second-quarter revenue growth of 23%, sales velocity of 59%, retention above 92%, and more than $100 million of closed-won new business including future effective dates.
• Full-year guidance remains largely unchanged at mid-single-digit organic revenue growth, while third-quarter guidance calls for $485 million–$495 million of revenue, $105 million–$110 million of adjusted EBITDA, and adjusted EPS of $0.42–$0.46.
• The company reported a GAAP net loss of $39 million, while legacy IAS faces approximately $4 million–$5 million of additional revenue impact in the second half from integration-related personnel changes; net leverage also rose to roughly 4.5 times after an $80 million share repurchase, and further buybacks are currently paused.

Baldwin Insurance Group Stock Up 3.9%

Shares of NASDAQ:BWIN opened at $27.74 on Friday. The firm has a market capitalization of $3.95 billion, a PE ratio of -26.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.08. The business has a 50 day simple moving average of $23.63 and a two-hundred day simple moving average of $22.32. Baldwin Insurance Group has a 1 year low of $15.88 and a 1 year high of $37.44. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08.

Insider Buying and Selling at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $21.20, for a total transaction of $2,756,381.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC lifted its position in shares of Baldwin Insurance Group by 1,376.4% during the fourth quarter. MetLife Investment Management LLC now owns 619,292 shares of the company’s stock worth $14,882,000 after purchasing an additional 577,345 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Baldwin Insurance Group in the 3rd quarter worth about $14,177,000. Balyasny Asset Management L.P. purchased a new position in Baldwin Insurance Group in the 4th quarter worth about $7,247,000. Beck Mack & Oliver LLC bought a new stake in Baldwin Insurance Group during the 4th quarter valued at about $6,963,000. Finally, Corient Private Wealth LLC lifted its holdings in Baldwin Insurance Group by 100.1% during the 2nd quarter. Corient Private Wealth LLC now owns 540,004 shares of the company’s stock valued at $23,118,000 after buying an additional 270,156 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Key Headlines Impacting Baldwin Insurance Group

Here are the key news stories impacting Baldwin Insurance Group this week:

• Positive Sentiment: Second-quarter results exceeded expectations. BWIN reported adjusted earnings of $0.48 per share, above the $0.46 consensus estimate and up from $0.42 a year earlier. Revenue rose 30.1% year over year to $492.9 million, narrowly surpassing expectations. The Baldwin Group Announces Second Quarter 2026 Results
• Positive Sentiment: Third-quarter EPS guidance was above Wall Street’s forecast. Management projected earnings of $0.42-$0.46 per share, compared with the $0.41 consensus estimate. The outlook supports expectations for continued earnings growth and likely helped improve investor sentiment. Baldwin Insurance Group Earnings and Guidance
• Positive Sentiment: Revenue growth remained robust. The company’s quarterly presentation and earnings call highlighted total revenue growth of approximately 30%, indicating continued expansion across its insurance distribution operations. Baldwin Insurance Group Q2 Results Presentation
• Neutral Sentiment: Underlying organic growth was more moderate. Organic revenue growth was approximately 2% year over year, suggesting that much of the reported expansion may have come from acquisitions or other non-organic factors. The Baldwin Group Announces Second Quarter 2026 Results
• Negative Sentiment: Revenue guidance was slightly below consensus at the midpoint. BWIN forecast third-quarter revenue of $485 million-$495 million, implying a $490 million midpoint versus analysts’ $493.1 million estimate. The company also continues to report a negative net margin, which may limit the impact of the earnings beat. BWIN Q2 Key Metrics Versus Estimates

Analysts Set New Price Targets

A number of brokerages recently commented on BWIN. JPMorgan Chase & Co. increased 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. Bank of America decreased their price objective on Baldwin Insurance Group from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. BMO Capital Markets lifted their target price on Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, June 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Baldwin Insurance Group from $26.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

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.