The Baldwin Insurance Group (NASDAQ:BWIN) Releases Earnings Results, Misses Expectations By $0.14 EPS

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.14), Zacks reports. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company had revenue of $329.89 million during the quarter, compared to the consensus estimate of $327.42 million.

The Baldwin Insurance Group Trading Up 2.9 %

NASDAQ BWIN traded up $1.17 on Friday, reaching $41.14. The company had a trading volume of 670,547 shares, compared to its average volume of 493,868. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -64.28, a PEG ratio of 1.17 and a beta of 1.63. The stock's 50 day moving average is $39.88 and its 200-day moving average is $44.58. The Baldwin Insurance Group has a 52 week low of $26.08 and a 52 week high of $55.82.

Analysts Set New Price Targets

BWIN has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Keefe, Bruyette & Woods dropped their price objective on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

Insider Activity

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares in the company, valued at $366,092.02. This represents a 58.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Elizabeth Krystyn sold 88,306 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The disclosure for this sale can be found here. Insiders sold a total of 291,906 shares of company stock valued at $12,955,475 in the last ninety days. 20.14% of the stock is owned by insiders.

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.