The Baldwin Insurance Group (NASDAQ:BWIN) Given Underweight Rating at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report)'s stock had its "underweight" rating reaffirmed by stock analysts at Wells Fargo & Company in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $41.00 price objective on the stock, down from their previous price objective of $43.00. Wells Fargo & Company's price objective would indicate a potential downside of 4.34% from the stock's current price.

Several other analysts have also recently commented on the stock. Jefferies Financial Group lifted 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 note on Wednesday, October 9th. 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. JPMorgan Chase & Co. increased their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Finally, UBS Group lifted their price objective 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. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $46.83.

The Baldwin Insurance Group Stock Performance

BWIN stock traded down $0.05 during midday trading on Wednesday, reaching $42.86. The stock had a trading volume of 1,138,149 shares, compared to its average volume of 481,448. The firm has a fifty day simple moving average of $48.50 and a two-hundred day simple moving average of $43.62. The Baldwin Insurance Group has a 52-week low of $20.00 and a 52-week high of $55.82. 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 stock has a market cap of $5.04 billion, a PE ratio of -67.05, a P/E/G ratio of 1.40 and a beta of 1.58.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $339.90 million during the quarter, compared to analysts' expectations of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. As a group, equities research analysts anticipate that The Baldwin Insurance Group will post 1.01 EPS for the current year.

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.