Keefe, Bruyette & Woods Lowers The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $49.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective reduced by analysts at Keefe, Bruyette & Woods from $50.00 to $49.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 37.45% from the stock’s previous close.

Other research analysts also recently issued reports about the company. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a research note on Wednesday, December 11th. Jefferies Financial Group upped their price objective on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research 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 report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

The Baldwin Insurance Group Stock Down 2.2 %

Shares of The Baldwin Insurance Group stock traded down $0.79 during trading on Friday, hitting $35.65. 130,508 shares of the stock traded hands, compared to its average volume of 477,784. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap of $4.19 billion, a P/E ratio of -55.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.64. The stock’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $44.26. The Baldwin Insurance Group has a 52-week low of $21.70 and a 52-week high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The Baldwin Insurance Group’s revenue 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, equities analysts predict that The Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the completion of the transaction, the insider now directly owns 232,570 shares of the company’s stock, valued at approximately $10,507,512.60. This represents a 45.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new stake in shares of The Baldwin Insurance Group in the third quarter worth $29,447,000. JPMorgan Chase & Co. boosted its stake in shares of The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the last quarter. Peapack Gladstone Financial Corp bought a new position in The Baldwin Insurance Group during the third quarter worth $263,000. Confluence Investment Management LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $16,747,000. Finally, Diversified Trust Co bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $788,000. 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.