The Baldwin Insurance Group (BRP) Scheduled to Post Earnings on Tuesday

The Baldwin Insurance Group (NASDAQ:BRP) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect The Baldwin Insurance Group to post earnings of $0.51 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

The Baldwin Insurance Group (NASDAQ:BRP) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $284.65 million during the quarter, compared to analyst estimates of $282.00 million. The Baldwin Insurance Group had a negative net margin of 7.40% and a positive return on equity of 7.61%. On average, analysts expect The Baldwin Insurance Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Baldwin Insurance Group Stock Up 0.9 %

Shares of The Baldwin Insurance Group stock opened at $27.54 on Monday. The Baldwin Insurance Group has a 1-year low of $17.33 and a 1-year high of $30.84. The company has a market capitalization of $3.21 billion, a PE ratio of -18.48, a P/E/G ratio of 0.83 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50-day moving average of $28.26 and a 200-day moving average of $24.48.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BRP. JPMorgan Chase & Co. raised shares of The Baldwin Insurance Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $33.00 in a research report on Monday, April 8th. Keefe, Bruyette & Woods boosted their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company reduced their target price on The Baldwin Insurance Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Finally, Bank of America lowered their price target on The Baldwin Insurance Group from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $33.40.

Insider Transactions at The Baldwin Insurance Group

In related news, General Counsel Seth Bala Cohen sold 1,033 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $29.04, for a total transaction of $29,998.32. Following the transaction, the general counsel now owns 10,657 shares in the company, valued at $309,479.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Seth Bala Cohen sold 1,033 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $29.04, for a total value of $29,998.32. Following the completion of the sale, the general counsel now owns 10,657 shares in the company, valued at $309,479.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lowry Baldwin sold 62,629 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $28.94, for a total transaction of $1,812,483.26. Following the completion of the sale, the director now directly owns 37,371 shares of the company’s stock, valued at $1,081,516.74. The disclosure for this sale can be found here. Company insiders own 22.65% of the company’s stock.

About The Baldwin Insurance Group

BRP 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. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families.