The Baldwin Insurance Group (NASDAQ:BWIN - Free Report) had its target price reduced by Wells Fargo & Company from $41.00 to $38.00 in a report released on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.
Several other equities research analysts have also recently weighed in on BWIN. William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. dropped their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Jefferies Financial Group upped their price objective on shares of 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. One analyst has rated the stock with a sell rating, one has issued 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.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.50.
View Our Latest Stock Report on BWIN
The Baldwin Insurance Group Price Performance
Shares of NASDAQ BWIN traded up $1.42 during mid-day trading on Tuesday, reaching $37.83. The company had a trading volume of 520,616 shares, compared to its average volume of 589,380. The Baldwin Insurance Group has a one year low of $21.70 and a one year high of $55.82. The business's 50-day simple moving average is $42.75 and its 200 day simple moving average is $44.41. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of -59.11, a PEG ratio of 1.27 and a beta of 1.64.
The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates 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 Baldwin Insurance Group's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, research analysts predict that The Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.
Insider Transactions at The Baldwin Insurance Group
In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.14% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Peapack Gladstone Financial Corp bought a new position in The Baldwin Insurance Group during the third quarter worth $263,000. Diversified Trust Co acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $788,000. Harbor Capital Advisors Inc. bought a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at $2,000,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $5,115,000. Finally, Confluence Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $16,747,000. 77.49% of the stock is owned by institutional investors.
The Baldwin Insurance Group Company Profile
(
Get Free Report)
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.
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