Baldwin Insurance Group (NASDAQ:BWIN) Sees Unusually-High Trading Volume – Time to Buy?

by · The Cerbat Gem

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN – Get Free Report) saw an uptick in trading volume on Wednesday . 1,537,267 shares changed hands during mid-day trading, an increase of 107% from the previous session’s volume of 743,856 shares.The stock last traded at $26.0750 and had previously closed at $26.38.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Baldwin Insurance Group from $41.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Wall Street Zen cut Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. BMO Capital Markets reduced their price target on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday. UBS Group decreased their price objective on Baldwin Insurance Group from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Zacks Research raised Baldwin Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.57.

View Our Latest Stock Report on Baldwin Insurance Group

Baldwin Insurance Group Stock Performance

The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -58.25, a P/E/G ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a fifty day simple moving average of $26.24 and a two-hundred day simple moving average of $32.96.

Baldwin Insurance Group (NASDAQ:BWIN – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $365.39 million during the quarter, compared to analyst estimates of $364.14 million. Baldwin Insurance Group had a negative net margin of 1.89% and a positive return on equity of 12.65%. Baldwin Insurance Group’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. On average, analysts expect that Baldwin Insurance Group, Inc. will post 1.01 EPS for the current year.

Hedge Funds Weigh In On Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWIN. MTM Investment Management LLC acquired a new position in shares of Baldwin Insurance Group in the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in Baldwin Insurance Group in the 3rd quarter worth approximately $39,000. AlphaQuest LLC increased its holdings in Baldwin Insurance Group by 249.2% in the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock worth $55,000 after buying an additional 1,393 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Baldwin Insurance Group during the 2nd quarter worth approximately $58,000. Finally, Strs Ohio acquired a new stake in Baldwin Insurance Group during the 1st quarter valued at approximately $72,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

About Baldwin Insurance Group

(Get Free Report)

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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