Wells Fargo & Company Issues Pessimistic Forecast for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price dropped by investment analysts at Wells Fargo & Company from $41.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 4.04% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock 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 note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.50.

The Baldwin Insurance Group Stock Performance

Shares of The Baldwin Insurance Group stock opened at $39.60 on Tuesday. 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 Baldwin Insurance Group has a 52 week low of $21.70 and a 52 week high of $55.82. The firm’s 50 day moving average is $42.59 and its two-hundred day moving average is $44.40. The firm has a market capitalization of $4.66 billion, a P/E ratio of -61.88, a P/E/G ratio of 1.27 and a beta of 1.64.

The Baldwin Insurance Group (NASDAQ:BWIN) last released 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 Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The company had revenue of $339.90 million during the quarter, compared to analyst estimates of $346.43 million. During the same quarter in the prior year, the company earned $0.15 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Research analysts forecast that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the sale, the insider now directly owns 232,570 shares in the company, valued at approximately $10,507,512.60. The trade was a 45.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.14% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after acquiring an additional 1,175,484 shares during the period. Lord Abbett & CO. LLC acquired a new position in The Baldwin Insurance Group during the third quarter worth $29,447,000. Confluence Investment Management LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $16,747,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at $5,115,000. Finally, HB Wealth Management LLC acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $2,468,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.