The Baldwin Insurance Group (NASDAQ:BWIN) Sees Unusually-High Trading Volume - Still a Buy?

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 639,228 shares traded hands during mid-day trading, an increase of 50% from the previous session's volume of 426,998 shares.The stock last traded at $50.35 and had previously closed at $50.49.

Analyst Ratings Changes

Several research firms have recently commented on BWIN. UBS Group lifted their price target on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Keefe, Bruyette & Woods lifted their target price 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. Jefferies Financial Group increased their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an "equal weight" rating in a research report 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 research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $47.67.

The Baldwin Insurance Group Price Performance

The firm's fifty day simple moving average is $49.07. 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 market capitalization of $5.55 billion, a P/E ratio of -51.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $339.80 million for the quarter, compared to the consensus estimate of $334.95 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The Baldwin Insurance Group's revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Research analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.11 earnings per share for the current year.

Insider Transactions at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 150,000 shares of The Baldwin Insurance Group stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $42.17, for a total transaction of $6,325,500.00. Following the transaction, the insider now directly owns 184,226 shares of the company's stock, valued at $7,768,810.42. 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, insider James Morgan Roche sold 150,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $42.17, for a total value of $6,325,500.00. Following the transaction, the insider now owns 184,226 shares in the company, valued at approximately $7,768,810.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Galbraith sold 75,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $46.33, for a total value of $3,474,750.00. Following the sale, the insider now owns 6,285 shares of the company's stock, valued at $291,184.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 508,616 shares of company stock valued at $21,947,676. Corporate insiders own 20.14% of the company's stock.

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.