The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) had its price target reduced by equities researchers at Wells Fargo & Company from $46.00 to $43.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective suggests a potential upside of 16.37% from the company's current price.
Other equities analysts also recently issued reports about the stock. UBS Group raised their target price on shares of The Baldwin Insurance Group from $43.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. upped their target price 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. William Blair raised shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Jefferies Financial Group increased their price target on 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, Keefe, Bruyette & Woods boosted their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.17.
Check Out Our Latest Stock Analysis on The Baldwin Insurance Group
BWIN stock traded down $9.22 during midday trading on Tuesday, hitting $36.95. The company's stock had a trading volume of 1,333,827 shares, compared to its average volume of 447,874. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -44.80, a P/E/G ratio of 1.23 and a beta of 1.60. The firm has a 50-day moving average of $49.25. The Baldwin Insurance Group has a 52-week low of $17.33 and a 52-week high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.34.
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 analysts' consensus estimates of $0.34 by ($0.01). The firm had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, sell-side analysts expect that The Baldwin Insurance Group will post 1.1 earnings per share for the current fiscal year.
In related news, insider Daniel Galbraith sold 75,000 shares of The Baldwin Insurance Group stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $46.33, for a total value of $3,474,750.00. Following the completion of the sale, the insider now owns 6,285 shares of the company's stock, valued at approximately $291,184.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel Galbraith sold 75,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $46.33, for a total transaction of $3,474,750.00. Following the completion of the sale, the insider now owns 6,285 shares in the company, valued at $291,184.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lowry Baldwin sold 50,000 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $46.74, for a total transaction of $2,337,000.00. The disclosure for this sale can be found here. Insiders sold 508,616 shares of company stock worth $21,947,676 over the last ninety days. 20.14% of the stock is currently owned by insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider The Baldwin Insurance Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Baldwin Insurance Group wasn't on the list.
While The Baldwin Insurance Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.