The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Sees Significant Increase in Short Interest

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 3,750,000 shares, a growth of 18.7% from the October 15th total of 3,160,000 shares. Approximately 5.6% of the company’s stock are short sold. Based on an average trading volume of 628,600 shares, the days-to-cover ratio is currently 6.0 days.

Insider Transactions at The Baldwin Insurance Group

In other news, insider James Morgan Roche sold 75,380 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $42.79, for a total transaction of $3,225,510.20. Following the sale, the insider now directly owns 108,846 shares of the company’s stock, valued at approximately $4,657,520.34. This represents a 40.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 50,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $46.74, for a total value of $2,337,000.00. The disclosure for this sale can be found here. Insiders sold 200,380 shares of company stock valued at $9,037,260 in the last ninety days. 20.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWIN has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on The Baldwin Insurance Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group boosted their price objective on The Baldwin Insurance Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Wells Fargo & Company decreased their price target on shares of The Baldwin Insurance Group from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. William Blair upgraded shares of The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned 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 $47.17.

The Baldwin Insurance Group Trading Down 1.0 %

NASDAQ BWIN traded down $0.46 on Friday, hitting $43.93. 468,226 shares of the company traded hands, compared to its average volume of 475,682. The Baldwin Insurance Group has a 52-week low of $17.33 and a 52-week high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap of $5.17 billion, a P/E ratio of -68.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.60. The business has a 50 day simple moving average of $49.03.

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 the consensus estimate of $0.34 by ($0.01). The firm had revenue of $339.90 million during the quarter, compared to the consensus estimate of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. As a group, sell-side analysts predict that The Baldwin Insurance Group will post 1.03 earnings per share for the current year.

About The Baldwin Insurance Group

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.