Baldwin Insurance Group (NASDAQ:BWIN) Cut to “Market Perform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of Baldwin Insurance Group (NASDAQ:BWIN) from an outperform rating to a market perform rating in a report issued on Monday morning, MarketBeat reports. They currently have $32.50 target price on the stock.

Other research analysts have also issued reports about the stock. Raymond James Financial lowered shares of Baldwin Insurance Group from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, September 23rd. 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 objective on shares of Baldwin Insurance Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. William Blair lowered shares of Baldwin Insurance Group from an “outperform” rating to a “hold” rating in a report on Monday, September 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Baldwin Insurance Group in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $31.20.

Baldwin Insurance Group Price Performance

Baldwin Insurance Group stock opened at $31.92 on Monday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.03 and a beta of 1.00. Baldwin Insurance Group has a 52-week low of $15.88 and a 52-week high of $32.71. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $31.10 and its two-hundred day moving average price is $25.97.

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

Institutional Investors Weigh In On Baldwin Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Baldwin Insurance Group by 36.3% during the first quarter. Bank of New York Mellon Corp now owns 3,918,087 shares of the company’s stock worth $85,963,000 after purchasing an additional 1,044,200 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Baldwin Insurance Group by 11,089.9% in 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 purchasing an additional 1,702,189 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Baldwin Insurance Group by 16.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,333,871 shares of the company’s stock worth $29,265,000 after purchasing an additional 191,482 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Baldwin Insurance Group by 12.6% in the 1st quarter. Janus Henderson Group PLC now owns 881,885 shares of the company’s stock worth $19,348,000 after purchasing an additional 98,600 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Baldwin Insurance Group by 51.9% in the 1st quarter. Bank of America Corp DE now owns 848,407 shares of the company’s stock worth $18,614,000 after purchasing an additional 289,879 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc is an insurance distribution and advisory company that helps individuals, businesses and organizations identify, manage and insure against risk. The company operates through a network of insurance agencies and specialty businesses, providing access to property and casualty insurance, employee benefits, personal insurance and related risk-management solutions.

Its services include commercial insurance brokerage, personal lines coverage, employee benefits consulting, claims support and other advisory services.