The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $49.00 by Analysts at Keefe, Bruyette & Woods

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective trimmed by Keefe, Bruyette & Woods from $50.00 to $49.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company reiterated an “underweight” rating and issued a $41.00 target price (down from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. Jefferies Financial Group raised their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, one has assigned 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 Baldwin Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $46.00.

The Baldwin Insurance Group Stock Performance

BWIN stock opened at $35.72 on Friday. The Baldwin Insurance Group has a 1-year low of $21.70 and a 1-year high of $55.82. The business has a 50-day moving average price of $42.95 and a 200 day moving average price of $44.26. The company has a market capitalization of $4.20 billion, a P/E ratio of -55.81, a PEG ratio of 1.27 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly 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 Baldwin Insurance Group had a negative net margin of 2.89% and a positive return on equity of 10.57%. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 20.14% of the stock is owned by company insiders.

Institutional Trading of The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after purchasing an additional 1,175,484 shares during the period. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group during the 3rd quarter worth approximately $29,447,000. Confluence Investment Management LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $16,747,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $5,115,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at $2,000,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.