The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $43.00 by Analysts at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) had its price objective lowered by equities researchers at Wells Fargo & Company from $46.00 to $43.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 5.76% from the stock's current price.

BWIN has been the topic of several other research reports. Jefferies Financial Group raised their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. UBS Group lifted their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods increased their price target on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Finally, William Blair upgraded shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $47.17.

The Baldwin Insurance Group Price Performance

NASDAQ:BWIN traded down $5.51 during midday trading on Tuesday, reaching $40.66. 4,878,488 shares of the company traded hands, compared to its average volume of 464,675. The Baldwin Insurance Group has a twelve month low of $17.33 and a twelve month high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. The firm has a fifty day moving average of $49.16. The stock has a market capitalization 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 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 the consensus estimate of $0.34 by ($0.01). The firm had revenue of $339.90 million for 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 firm's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. On average, equities research analysts forecast that The Baldwin Insurance Group will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In related news, insider James Morgan Roche sold 2,547 shares of The Baldwin Insurance Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $41.45, for a total transaction of $105,573.15. Following the transaction, the insider now directly owns 245,817 shares of the company's stock, valued at $10,189,114.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Baldwin Insurance Group 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 transaction, the general counsel now owns 8,813 shares of the company's stock, valued at approximately $375,698.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Morgan Roche sold 2,547 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $41.45, for a total value of $105,573.15. Following the sale, the insider now directly owns 245,817 shares of the company's stock, valued at approximately $10,189,114.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 508,616 shares of company stock worth $21,947,676 over the last 90 days. 20.14% of the stock is currently owned by company insiders.

About The Baldwin Insurance Group

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.