The Baldwin Insurance Group (NASDAQ:BWIN) Sees Unusually-High Trading Volume – Still a Buy?

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) shares saw strong trading volume on Wednesday . 639,228 shares changed hands during trading, an increase of 50% from the previous session’s volume of 426,998 shares.The stock last traded at $50.35 and had previously closed at $50.49.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BWIN shares. Wells Fargo & Company upped their target price on The Baldwin Insurance Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price 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, UBS Group boosted their price target on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.

The Baldwin Insurance Group Trading Down 2.6 %

The stock has a 50 day moving average price of $49.07. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of -54.88, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.34.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The business had revenue of $339.80 million for the quarter, compared to the consensus estimate of $334.95 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts anticipate that The Baldwin Insurance Group, Inc. will post 1.11 earnings per share for the current fiscal year.

Insider Transactions at The Baldwin Insurance Group

In related news, insider Daniel Galbraith sold 75,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $46.33, for a total value of $3,474,750.00. Following the completion of the transaction, the insider now owns 6,285 shares of the company’s stock, valued at $291,184.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Daniel Galbraith sold 75,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $46.33, for a total value of $3,474,750.00. Following the transaction, the insider now directly owns 6,285 shares of the company’s stock, valued at $291,184.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bradford Hale sold 10,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.49, for a total value of $414,900.00. Following the sale, the chief financial officer now owns 98,131 shares of the company’s stock, valued at $4,071,455.19. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 508,616 shares of company stock valued at $21,947,676. 20.14% of the stock is owned by corporate insiders.

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.