William Blair Upgrades The Baldwin Insurance Group (NASDAQ:BWIN) to “Outperform”

The Baldwin Insurance Group (NASDAQ:BWIN) was upgraded by equities researchers at William Blair from a “market perform” rating to an “outperform” rating in a report released on Thursday, FinViz reports.

Several other brokerages also recently commented on BWIN. Wells Fargo & Company raised their price objective on The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. UBS Group increased their target price on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods upped their price target on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. 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 report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The Baldwin Insurance Group has an average rating of “Moderate Buy” and an average target price of $47.67.

The Baldwin Insurance Group Stock Performance

Shares of BWIN opened at $52.90 on Thursday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of -57.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59. The Baldwin Insurance Group has a 52 week low of $17.33 and a 52 week high of $53.29. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a fifty day moving average price of $47.20.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Tuesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The firm had revenue of $339.80 million during the quarter, compared to analyst estimates of $334.95 million. During the same quarter in the previous year, the business earned $0.03 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, research analysts forecast that The Baldwin Insurance Group will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Seth Bala Cohen sold 3,783 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $42.63, for a total value of $161,269.29. Following the completion of the sale, the general counsel now directly owns 8,813 shares of the company’s stock, valued at $375,698.19. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider James Morgan Roche sold 36,684 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $41.96, for a total value of $1,539,260.64. Following the transaction, the insider now owns 396,815 shares in the company, valued at approximately $16,650,357.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 3,783 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $42.63, for a total transaction of $161,269.29. Following the sale, the general counsel now owns 8,813 shares of the company’s stock, valued at $375,698.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 508,616 shares of company stock valued at $21,947,676 over the last 90 days. 20.14% of the stock is currently owned by insiders.

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.