Baldwin Insurance Group (NASDAQ:BWIN) Trading Down 4.8% – Time to Sell?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares fell 4.8% during trading on Monday . The company traded as low as $27.01 and last traded at $27.0550. 323,965 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,692,017 shares. The stock had previously closed at $28.41.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BWIN shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Baldwin Insurance Group in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods raised their target price on shares of Baldwin Insurance Group from $26.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Baldwin Insurance Group from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets increased their price objective on shares of Baldwin Insurance Group from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 23rd. Finally, TD Cowen reissued a “buy” rating on shares of Baldwin Insurance Group in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.44.

Baldwin Insurance Group Price Performance

The firm has a 50-day moving average of $21.53 and a 200-day moving average of $22.04. The stock has a market cap of $3.88 billion, a PE ratio of -40.65, a PEG ratio of 0.96 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.08 and a quick ratio of 1.08.

Baldwin Insurance Group (NASDAQ:BWIN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Baldwin Insurance Group had a positive return on equity of 12.35% and a negative net margin of 2.80%.The business had revenue of $532.24 million during the quarter, compared to analysts’ expectations of $524.07 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. Research analysts predict that Baldwin Insurance Group, Inc. will post 1.38 EPS for the current year.

Insider Activity at Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 130,018 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $21.20, for a total transaction of $2,756,381.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 20.14% of the company’s stock.

Institutional Trading of Baldwin Insurance Group

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Baldwin Insurance Group by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,166 shares of the company’s stock valued at $1,795,000 after purchasing an additional 2,309 shares in the last quarter. Millennium Management LLC lifted its position in shares of Baldwin Insurance Group by 371.9% in the first quarter. Millennium Management LLC now owns 254,734 shares of the company’s stock worth $11,384,000 after buying an additional 200,754 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock valued at $495,000 after buying an additional 700 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company’s stock valued at $16,964,000 after buying an additional 13,058 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Baldwin Insurance Group by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company’s stock worth $8,475,000 after acquiring an additional 11,768 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Company Profile

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.