The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $46.00 by Analysts at JPMorgan Chase & Co.

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target dropped by JPMorgan Chase & Co. from $47.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 20.61% from the company’s current price.

A number of other research firms have also issued reports on BWIN. Wells Fargo & Company reiterated an “underweight” rating and set a $41.00 price objective (down from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group boosted 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN opened at $38.14 on Friday. The firm has a market capitalization of $4.48 billion, a PE ratio of -59.59, a P/E/G ratio of 1.27 and a beta of 1.58. 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 company has a 50-day moving average price of $44.09 and a two-hundred day moving average price of $44.16. The Baldwin Insurance Group has a twelve month low of $21.70 and a twelve month high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its quarterly earnings data 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 positive return on equity of 10.57% and a negative net margin of 2.89%. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that The Baldwin Insurance Group will post 1.01 EPS for the current year.

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 that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of hedge funds have recently made changes to their positions in BWIN. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group in the 3rd quarter worth $29,447,000. JPMorgan Chase & Co. grew its position in 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 worth $61,546,000 after acquiring an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp bought a new position in shares of The Baldwin Insurance Group in the third quarter worth approximately $263,000. Finally, Confluence Investment Management LLC purchased a new position in shares of The Baldwin Insurance Group in the fourth quarter worth $16,747,000. 77.49% of the stock is currently owned by institutional investors.

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.