The Baldwin Insurance Group (NASDAQ:BWIN) Issues Quarterly Earnings Results

The Baldwin Insurance Group (NASDAQ:BWIN) posted its quarterly earnings results on Monday. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01), Briefing.com reports. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a negative net margin of 3.67% and a positive return on equity of 10.46%. The Baldwin Insurance Group’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock traded down $6.62 during trading on Tuesday, hitting $39.55. 2,216,895 shares of the company were exchanged, compared to its average volume of 452,001. The business’s 50-day moving average is $49.25. The Baldwin Insurance Group has a twelve month low of $17.33 and a twelve month high of $55.82. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -44.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.98 and a quick ratio of 0.98.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 36,684 shares of The Baldwin Insurance Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the completion of the sale, the insider now owns 396,815 shares of the company’s stock, valued at $16,650,357.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider James Morgan Roche sold 36,684 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $41.96, for a total transaction of $1,539,260.64. Following the completion of the sale, the insider now directly owns 396,815 shares of the company’s stock, valued at $16,650,357.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bradford Hale sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the sale, the chief financial officer now directly owns 98,131 shares of the company’s stock, valued at approximately $4,071,455.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 508,616 shares of company stock worth $21,947,676. 20.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BWIN. Jefferies Financial Group boosted their target price 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. Wells Fargo & Company cut their price objective on The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, William Blair raised shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned 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 price target of $47.17.

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.