The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) shares gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $46.17, but opened at $37.61. The Baldwin Insurance Group shares last traded at $36.68, with a volume of 361,157 shares trading hands.
The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.46% and a negative net margin of 3.67%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS.
Several analysts have recently commented on BWIN shares. UBS Group increased their price objective on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods increased their target price on shares of The Baldwin Insurance Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Wells Fargo & Company raised their price objective on shares of The Baldwin Insurance Group from $39.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $38.00 to $46.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $47.67.
Check Out Our Latest Research Report on BWIN
In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 20,000 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $41.36, for a total transaction of $827,200.00. Following the transaction, the director now directly owns 80,000 shares of the company's stock, valued at approximately $3,308,800. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel Galbraith sold 75,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $291,184.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lowry Baldwin sold 20,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $41.36, for a total value of $827,200.00. Following the sale, the director now owns 80,000 shares in the company, valued at $3,308,800. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 508,616 shares of company stock worth $21,947,676 over the last quarter. 20.14% of the stock is owned by corporate insiders.
The firm's fifty day simple moving average is $49.25. The firm has a market cap of $4.22 billion, a PE ratio of -43.90, a P/E/G ratio of 1.23 and a beta of 1.60. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.98 and a current ratio of 0.98.
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.
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