Baldwin Insurance Group (NASDAQ:BWIN) Issues Earnings Results

Baldwin Insurance Group (NASDAQ:BWIN) posted its earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02, FiscalAI reports. The firm had revenue of $492.94 million for the quarter, compared to analysts’ expectations of $492.33 million. Baldwin Insurance Group had a negative net margin of 2.80% and a positive return on equity of 12.35%. The company’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Baldwin Insurance Group updated its Q3 2026 guidance to 0.420-0.460 EPS.

Here are the key takeaways from Baldwin Insurance Group’s conference call:

• Second-quarter profitability and cash flow improved materially: revenue reached $493 million, adjusted EBITDA rose 37% to $117 million, and adjusted free cash flow increased 437% year over year to $46 million.
• Management said underlying organic growth was approximately 8% after adjusting for partnerships and temporary accounting and integration headwinds, and expects growth to accelerate to high-single digits or better in the fourth quarter.
• The CAC partnership continued to outperform, with second-quarter revenue growth of 23%, sales velocity of 59%, retention above 92%, and more than $100 million of closed-won new business including future effective dates.
• Full-year guidance remains largely unchanged at mid-single-digit organic revenue growth, while third-quarter guidance calls for $485 million–$495 million of revenue, $105 million–$110 million of adjusted EBITDA, and adjusted EPS of $0.42–$0.46.
• The company reported a GAAP net loss of $39 million, while legacy IAS faces approximately $4 million–$5 million of additional revenue impact in the second half from integration-related personnel changes; net leverage also rose to roughly 4.5 times after an $80 million share repurchase, and further buybacks are currently paused.

Baldwin Insurance Group Trading Down 5.4%

Baldwin Insurance Group stock traded down $1.53 during mid-day trading on Thursday, hitting $26.69. 1,077,725 shares of the stock were exchanged, compared to its average volume of 1,175,444. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of -39.84, a PEG ratio of 1.01 and a beta of 1.08. Baldwin Insurance Group has a 12 month low of $15.88 and a 12 month high of $37.44. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.51. The firm’s fifty day simple moving average is $23.47 and its two-hundred day simple moving average is $22.28.

Insider Buying and Selling at Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 130,018 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.80% of the stock is currently owned by company insiders.

Institutional Trading of Baldwin Insurance Group

A number of large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Baldwin Insurance Group in the 4th quarter valued at about $580,000. VARCOV Co. acquired a new position in Baldwin Insurance Group in the fourth quarter valued at approximately $517,000. Twinbeech Capital LP acquired a new position in Baldwin Insurance Group in the fourth quarter valued at approximately $908,000. Balyasny Asset Management L.P. bought a new position in shares of Baldwin Insurance Group during the 4th quarter worth approximately $7,247,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth approximately $307,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of research reports. Zacks Research upgraded Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. UBS Group cut their price target on Baldwin Insurance Group from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. TD Cowen reaffirmed a “buy” rating on shares of Baldwin Insurance Group in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Baldwin Insurance Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley set a $28.00 price target on shares of Baldwin Insurance Group in a research report on Monday, June 22nd. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

About Baldwin Insurance Group

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.