BofA Securities analyst Grace Carter maintains $The Baldwin Insurance Group (BWIN.US)$ with a buy rating, and sets the target price at $59.
According to TipRanks data, the analyst has a success rate of 78.9% and a total average return of 11.0% 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 optimistic outlook for 2024 organic growth prospects. Large-cap broker organic growth is anticipated to stay above average in the third quarter. Nonetheless, it's projected that the sector's underlying growth will decelerate to align with long-term averages in the years 2025 to 2026. Changes in expectations for the group are informed by occurrences during the quarter and the overall market's P/E multiple expansion.
The fundamental outlook for the property and casualty sector is positive looking into the third-quarter reports. However, optimistic expectations, bullish sentiment, and current valuations moderate the perspective on the stocks. Key advantages include continued firm pricing and a defensive risk profile within the group. Nevertheless, the expectations for margins at underwriters and sales growth at brokers appear to be on the higher side.
The performance of the Baldwin Group in Q3, particularly among reinsurers, might be influenced by this week's Hurricane Milton. There is a positive outlook on the Personal segment due to improving margins and growth in policies-in-force. It is anticipated that Q3 catastrophe losses will remain below the five-year seasonal average, yet they could surpass those of the same quarter in the previous year. This might present challenges for primary insurers looking ahead.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
