The Baldwin Insurance Group (NASDAQ:BWIN) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

The Baldwin Insurance Group (NASDAQ:BWIN) announced its earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, Briefing.com reports. The firm had revenue of $339.80 million for the quarter, compared to analyst estimates of $334.95 million. The Baldwin Insurance Group had a negative net margin of 4.29% and a positive return on equity of 9.21%. The Baldwin Insurance Group’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share.

The Baldwin Insurance Group Trading Up 2.4 %

NASDAQ BWIN traded up $1.00 during trading hours on Wednesday, reaching $42.50. 603,151 shares of the company traded hands, compared to its average volume of 407,527. The stock has a 50 day simple moving average of $37.24. The stock has a market capitalization of $5.00 billion, a PE ratio of -46.20, a PEG ratio of 1.18 and a beta of 1.58. The Baldwin Insurance Group has a 12 month low of $17.33 and a 12 month high of $44.87. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.21.

Analyst Upgrades and Downgrades

BWIN has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on The Baldwin Insurance Group from $34.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price 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. Raymond James reaffirmed a “strong-buy” rating and set a $45.00 price target (up previously from $40.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of The Baldwin Insurance Group from $33.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, UBS Group increased their target price on The Baldwin Insurance Group from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $42.40.

Insiders Place Their Bets

In other news, Director Lowry Baldwin sold 125,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $34.10, for a total value of $4,262,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.14% of the stock is currently owned by company insiders.

About The 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.