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

The Baldwin Insurance Group (NASDAQ:BWIN) released its earnings results on Tuesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.14), Zacks reports. 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 Stock Up 1.4 %

NASDAQ BWIN traded up $0.56 on Tuesday, reaching $39.86. The company had a trading volume of 559,174 shares, compared to its average volume of 465,970. 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 capitalization of $4.69 billion, a P/E ratio of -62.28, a P/E/G ratio of 1.17 and a beta of 1.63. The company’s fifty day moving average is $39.82 and its 200 day moving average is $44.63. The Baldwin Insurance Group has a 52-week low of $26.08 and a 52-week high of $55.82.

Insider Transactions at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 20.14% of the company’s stock.

Analysts Set New Price Targets

BWIN has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. dropped their price target on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 3rd. One 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. According to data from MarketBeat, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

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.