Short Interest in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Rises By 9.1%

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,590,000 shares, a growth of 9.1% from the November 15th total of 3,290,000 shares. Based on an average daily volume of 671,500 shares, the days-to-cover ratio is currently 5.3 days. Currently, 5.4% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company restated an “underweight” rating and set a $41.00 price target (down previously from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday. Jefferies Financial Group boosted their target price on 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. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted 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 report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.83.

The Baldwin Insurance Group Stock Down 2.0 %

BWIN stock traded down $0.83 during midday trading on Friday, hitting $40.96. The stock had a trading volume of 673,045 shares, compared to its average volume of 482,916. The business has a 50-day moving average of $47.99 and a two-hundred day moving average of $43.72. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of -64.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The Baldwin Insurance Group has a 52-week low of $21.70 and a 52-week high of $55.82.

The Baldwin Insurance Group (NASDAQ:BWIN) last released its earnings results on Monday, November 4th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business had revenue of $339.90 million during the quarter, compared to analysts’ expectations of $346.43 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that The Baldwin Insurance Group will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

A hedge fund recently bought a new stake in The Baldwin Insurance Group stock. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 591,317 shares of the company’s stock, valued at approximately $29,447,000. Lord Abbett & CO. LLC owned about 0.50% of The Baldwin Insurance Group as of its most recent SEC filing. 77.49% of the stock is currently owned by institutional investors.

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.