The Baldwin Insurance Group, In (BWIN) Stock Analysis
Financial Services · Insurance Brokers
Sell if holding. Engine safety override at $18.69: Quality below floor (2.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10 and A.R:R 3.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 14%; Elevated put/call ratio: 4.27; Below-average business quality.
Baldwin Insurance Group distributes commercial P&C, employee benefits, personal lines, and Medicare insurance through approximately 125 offices in 24 states, serving over 3 million clients. The firm earns commissions as a percentage of premiums and fees, operating through three... Read more
Sell if holding. Engine safety override at $18.69: Quality below floor (2.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10 and A.R:R 3.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 14%; Elevated put/call ratio: 4.27; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.9/10, moderate confidence.
Passes 7/10 gates (positive momentum, favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 49d clear, semi cycle peak clear, materials cycle peak clear). Fails on death cross (50MA < 200MA). Suitability: aggressive.
About The Baldwin Insurance Group, In
About The Baldwin Insurance Group, In
Baldwin Insurance Group distributes insurance across approximately 125 offices in 24 U.S. states, serving over 3 million clients via 5,000 colleagues. The firm has acquired $909 million in cumulative revenue through 37 brokerage partnerships since 2020, including nine Top 100 firms. Three operating segments — Insurance Advisory Solutions, Underwriting/Capacity & Technology Solutions, and Mainstreet Insurance Solutions — cover commercial P&C, employee benefits, personal lines, and Medicare.
Baldwin earns commissions calculated as a percentage of insurance premiums paid to carrier partners, supplemented by fees for management and consulting. In 2025, two insurance carrier partners accounted for approximately 17% of core commissions and fees, while the largest single client represented less than 1% of that revenue base. The Underwriting, Capacity & Technology Solutions segment manufactures over 20 proprietary MGA products distributed internally and externally via API integrations with property management software and other channels, capturing a larger share of underwriting economics per transaction than pure brokerage. Competitors in the institutional channel include Aon plc, Marsh & McLennan Companies, Arthur J. Gallagher & Co., and Brown & Brown Inc.; in personal lines, Goosehead Insurance competes directly. At December 31, 2025, Baldwin carried approximately $1.7 billion in total consolidated debt, including a $1.604 billion Term Loan B maturing May 2031 and $600 million in 7.125% Senior Secured Notes.
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Baldwin's 10-K acknowledges the company maintains a concentration in the Southeastern United States even as rapid growth has produced multiple secondary regional clusters. The filing notes that adverse economic conditions, natural disasters, loss trends, or regulatory changes in any single region could affect financial results — a risk that now applies simultaneously to several regions following the pace of geographic expansion. The 125-office network across 24 states provides partial diversification, but the Southeastern presence remains a named risk factor.
See also: Financial Services · Insurance Brokers
From The Baldwin Insurance Group, In's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-17Recent Developments — The Baldwin Insurance Group, In
Latest news
- NEWS UBS Maintains Buy on Baldwin Insurance, Lowers Price Target to $35 — benzinga Jun 9, 2026 positive
- NEWS Wells Fargo Maintains Equal-Weight on Baldwin Insurance, Raises Price Target to $24 — benzinga May 5, 2026 neutral
- NEWS Conference Call: Baldwin Insurance Sees Q2 Adj EPS $0.44-$0.48 vs $0.64 Est; Sees Sales $485.000M-$495.000M vs $524.275M — benzinga May 5, 2026 negative
- NEWS The Baldwin Insurance Q1 Adj. EPS $0.63 Misses $0.64 Estimate, Sales $532.235M Beat $524.275M Estimate — benzinga May 4, 2026 neutral
- NEWS What's Driving Baldwin Insurance Stock Lower Before Earnings Report? — benzinga May 4, 2026 negative
Generated 2026-06-17T09:07:23Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomertop-2 insurance company partners17%10-K Item 1: 'two insurance company partners accounted for an aggregate of approximately 17% of our core commissions and fees'
- MEDIUMGeographicSoutheastern United States10-K Item 1A: 'we still maintain a concentration in the Southeastern United States'
Material Events(8-K, last 90d)
- 2026-06-04Item 5.02LOWBoard appointed Johnathan Daniel as interim Chief Accounting Officer, effective when incumbent CAO Corbyn Lichon begins maternity leave in mid-to-late June 2026. Clean handoff; Daniel previously served as CFO of acquired CAC Group.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·2 ceiling hits
Unprofitable operations — net margin -2.8%. Quality floor flags this regardless of sector context.static
Volatile — 5.4% daily ATR makes tight stops impractical. Position-size conservatively.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $18.69: Quality below floor (2.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10 and A.R:R 3.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 14%; Elevated put/call ratio: 4.27; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $17.38. Score 5.9/10, moderate confidence.
Take-profit target: $25.23 (+35.0% upside). Prior stop was $17.38. Stop-loss: $17.38.
Quality below floor (2.0 < 4.0).
The Baldwin Insurance Group, In trades at a P/E of N/A (forward 7.2). TrendMatrix value score: 9.6/10. Verdict: Sell.
17 analysts cover BWIN with a consensus score of 3.9/5. Average price target: $29.
What does The Baldwin Insurance Group, In do?Baldwin Insurance Group distributes commercial P&C, employee benefits, personal lines, and Medicare insurance through...
Baldwin Insurance Group distributes commercial P&C, employee benefits, personal lines, and Medicare insurance through approximately 125 offices in 24 states, serving over 3 million clients. The firm earns commissions as a percentage of premiums and fees, operating through three segments: Insurance Advisory Solutions, Underwriting/Capacity & Technology Solutions, and Mainstreet Insurance Solutions.