Wells Fargo & Company Forecasts Strong Price Appreciation for Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group (NASDAQ:BWIN) had its price objective increased by research analysts at Wells Fargo & Company from $24.00 to $25.00 in a report issued on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 0.83% from the company’s previous close.

A number of other equities analysts have also weighed in on BWIN. BMO Capital Markets dropped their price target on shares of Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday. Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen lowered shares of Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Raymond James Financial reissued an “outperform” rating and issued a $40.00 target price (down previously from $48.00) on shares of Baldwin Insurance Group in a report on Thursday, August 7th. Finally, UBS Group dropped their target price on shares of Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.57.

Baldwin Insurance Group Stock Performance

Baldwin Insurance Group stock traded down $1.11 during midday trading on Friday, reaching $24.79. 139,932 shares of the company traded hands, compared to its average volume of 758,534. Baldwin Insurance Group has a 12 month low of $21.26 and a 12 month high of $47.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50 day moving average of $26.24 and a two-hundred day moving average of $32.96. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -57.79, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35.

Baldwin Insurance Group (NASDAQ:BWIN) last announced its earnings results on Tuesday, November 4th. The company reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $365.39 million during the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. As a group, research analysts predict that Baldwin Insurance Group will post 1.01 earnings per share for the current year.

Institutional Trading of Baldwin Insurance Group

A number of hedge funds have recently modified their holdings of BWIN. CIBC Bancorp USA Inc. acquired a new stake in Baldwin Insurance Group during the third quarter worth about $211,000. Caitong International Asset Management Co. Ltd purchased a new stake in Baldwin Insurance Group in the 3rd quarter worth approximately $39,000. Dark Forest Capital Management LP purchased a new stake in Baldwin Insurance Group in the 3rd quarter worth approximately $1,468,000. Public Employees Retirement System of Ohio grew its stake in shares of Baldwin Insurance Group by 46.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,630 shares of the company’s stock worth $2,557,000 after purchasing an additional 28,619 shares during the period. Finally, Numerai GP LLC purchased a new position in shares of Baldwin Insurance Group during the 3rd quarter valued at approximately $410,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

About Baldwin Insurance Group

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.