J.P. Morgan analyst Jimmy Bhullar maintains $The Baldwin Insurance Group (BWIN.US)$ with a buy rating, and adjusts the target price from $39 to $54.
According to TipRanks data, the analyst has a success rate of 57.5% and a total average return of 6.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Baldwin Insurance Group (BWIN.US)$'s main analysts recently are as follows:
Insurance brokers maintain a generally positive outlook for organic growth in 2024. It is anticipated that large-cap broker organic growth will continue to outpace the average in the third quarter. Nonetheless, expectations are set for the group's underlying growth to decelerate, aligning with long-term averages in the 2025-2026 period. Adjustments in the group's targets are reflective of events transpired during the quarter as well as a widespread expansion in market P/E multiples.
The fundamental outlook for the property and casualty sector is positive looking into the Q3 reports, though optimistic expectations, bullish sentiment, and valuations moderate the perspective on stocks. Key advantages include continued firm pricing and the sector's defensive risk profile. However, the anticipated margins for underwriters and sales growth for brokers are seen as optimistic.
Q3 outcomes, especially for reinsurers, could be eclipsed by recent events such as Hurricane Milton. Observations suggest a positive outlook on the Personal sector due to enhancements in margins and the growth of policies-in-force. For the third quarter, catastrophe losses are anticipated to be lower than the average of the past five years but still significantly higher than the same period in the previous year, which could pose risks for primary insurers.
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