Brokerages Set The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Price Target at $47.17

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. 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. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $47.17.

BWIN has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $46.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 5th. Finally, William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, October 17th.

Insider Activity at The Baldwin Insurance Group

In other news, Director Lowry Baldwin sold 50,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $46.74, for a total value of $2,337,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 20.14% of the stock is owned by insiders.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded down $0.58 during trading hours on Thursday, reaching $48.76. The stock had a trading volume of 342,734 shares, compared to its average volume of 473,413. The stock has a 50 day moving average of $48.89. The firm has a market capitalization of $5.73 billion, a PE ratio of -76.19, a P/E/G ratio of 1.41 and a beta of 1.60. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group has a 12-month low of $17.33 and a 12-month high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. On average, equities analysts expect that The Baldwin Insurance Group will post 1.03 earnings per share for the current fiscal year.

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.