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

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

Insiders Place Their Bets

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 20.14% of the company’s stock.

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

The Baldwin Insurance Group Stock Up 1.0 %

The Baldwin Insurance Group stock opened at $41.37 on Tuesday. The Baldwin Insurance Group has a 12 month low of $21.70 and a 12 month high of $55.82. The stock has a fifty day simple moving average of $47.82 and a two-hundred day simple moving average of $43.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of -64.64, a PEG ratio of 1.27 and a beta of 1.58.

The Baldwin Insurance Group (NASDAQ:BWIN) last issued 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 last year, the firm posted $0.15 EPS. The Baldwin Insurance Group’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that The Baldwin Insurance Group will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

BWIN has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of 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. William Blair upgraded The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on The Baldwin Insurance Group from $45.00 to $54.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $41.00 price target (down from $43.00) on shares of The Baldwin Insurance Group in a report on Wednesday, December 11th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.83.

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.