The Baldwin Insurance Group (NASDAQ:BWIN) Issues Quarterly Earnings Results

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) announced its earnings results on Monday. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01), Briefing.com reports. The firm had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN traded down $5.51 during trading on Tuesday, reaching $40.66. The company had a trading volume of 4,878,488 shares, compared to its average volume of 464,675. The company has a market cap of $4.78 billion, a price-to-earnings ratio of -50.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm's fifty day moving average price is $49.16. The Baldwin Insurance Group has a fifty-two week low of $17.33 and a fifty-two week high of $55.82.

Insider Activity

In related news, Director Lowry Baldwin sold 50,000 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $46.74, for a total transaction of $2,337,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, General Counsel Seth Bala Cohen sold 3,783 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the sale, the general counsel now directly owns 8,813 shares in the company, valued at $375,698.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lowry Baldwin sold 50,000 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $46.74, for a total value of $2,337,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 508,616 shares of company stock valued at $21,947,676. Company insiders own 20.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BWIN shares. Wells Fargo & Company decreased their price target on The Baldwin Insurance Group from $46.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. UBS Group upped their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Finally, William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $47.17.

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.