The Baldwin Insurance Group (NASDAQ:BWIN) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

The Baldwin Insurance Group (NASDAQ:BWIN) posted its quarterly earnings results on Monday. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01), Briefing.com reports. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $346.43 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The Baldwin Insurance Group’s revenue was up 11.0% compared to the same quarter last year.

The Baldwin Insurance Group Stock Down 23.9 %

NASDAQ BWIN opened at $35.12 on Tuesday. The company’s 50 day moving average price is $49.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -57.71, a PEG ratio of 1.23 and a beta of 1.60. The Baldwin Insurance Group has a twelve month low of $17.33 and a twelve month high of $55.82.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, CFO Bradford Hale sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.49, for a total value of $414,900.00. Following the completion of the transaction, the chief financial officer now directly owns 98,131 shares in the company, valued at $4,071,455.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Lowry Baldwin sold 20,000 shares of The Baldwin Insurance Group stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $41.36, for a total value of $827,200.00. Following the completion of the transaction, the director now owns 80,000 shares of the company’s stock, valued at $3,308,800. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bradford Hale sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.49, for a total transaction of $414,900.00. Following the sale, the chief financial officer now directly owns 98,131 shares in the company, valued at $4,071,455.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 508,616 shares of company stock valued at $21,947,676. 20.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of The Baldwin Insurance Group from $45.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased their price objective on The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.67.

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.