The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Lowered to $49.00 at Keefe, Bruyette & Woods

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) had its target price lowered by Keefe, Bruyette & Woods from $50.00 to $49.00 in a report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 37.18% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, January 3rd. William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Jefferies Financial Group raised their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $41.00 price target (down from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, The Baldwin Insurance Group has an average rating of "Moderate Buy" and a consensus target price of $46.00.

The Baldwin Insurance Group Trading Down 2.0 %

Shares of The Baldwin Insurance Group stock traded down $0.72 during trading on Friday, hitting $35.72. The company's stock had a trading volume of 688,043 shares, compared to its average volume of 574,991. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -55.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.64. The Baldwin Insurance Group has a 52 week low of $21.70 and a 52 week high of $55.82. The stock has a 50-day moving average price of $42.95 and a two-hundred day moving average price of $44.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Equities research analysts anticipate that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several large investors have recently made changes to their positions in the business. Peapack Gladstone Financial Corp purchased a new stake in The Baldwin Insurance Group during the third quarter valued at about $263,000. Diversified Trust Co purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at approximately $788,000. Harbor Capital Advisors Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $2,000,000. Wealth Enhancement Advisory Services LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $5,115,000. Finally, Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $16,747,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

The Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.