BWIN

Company Overview — What Does Baldwin Insurance Group, Inc. Do?

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. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families. The Underwriting, Capacity & Technology Solutions segment offers Future platform, that manufactures technology-enabled insurance products suite comprises personal, commercial, and specialty lines; specialty wholesale broker business that delivers professionals, individuals, and niche industry businesses; and reinsurance brokerage services. The Mainstreet Insurance Solutions segment provides personal insurance, commercial insurance, and life and health solutions to individuals and businesses in communities. The company was formerly known as BRP Group, Inc. and changed its name to The Baldwin Insurance Group, Inc. in May 2024. The Baldwin Insurance Group, Inc. was founded in 2011 and is headquartered in Tampa, Florida. Baldwin Insurance Group, Inc. (BWIN) is classified as a mid-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO Trevor L. Baldwin and employs approximately 4,000 people. With a market capitalization of $2.1B, BWIN is one of the notable companies in the Financials sector.

Baldwin Insurance Group, Inc. (BWIN) Stock Rating — Reduce (April 2026)

As of April 2026, Baldwin Insurance Group, Inc. receives a Reduce rating with a composite score of 32.6/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.BWIN ranks #3,133 out of 4,446 stocks in our coverage universe. Within the Financials sector, Baldwin Insurance Group, Inc. ranks #744 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

BWIN Stock Price and 52-Week Range

Baldwin Insurance Group, Inc. (BWIN) currently trades at $21.54. The stock lost $0.40 (1.8%) in the most recent trading session. The 52-week high for BWIN is $47.15, which means the stock is currently trading -54.3% from its annual peak. The 52-week low is $15.88, putting the stock 35.6% above its annual trough. Recent trading volume was 1.4M shares, reflecting moderate market activity.

Is BWIN Overvalued or Undervalued? — Valuation Analysis

Baldwin Insurance Group, Inc. (BWIN) carries a value factor score of 50/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 1.92x, versus the sector average of 1.22x. The price-to-sales ratio is 1.39x, compared to 0.90x for the average Financials stock. On an enterprise value basis, BWIN trades at 20.28x EV/EBITDA, versus 3.26x for the sector.

Overall, BWIN's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Baldwin Insurance Group, Inc. Profitability — ROE, Margins, and Quality Score

Baldwin Insurance Group, Inc. (BWIN) earns a quality factor score of 35/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -2.3%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.7% versus the sector average of 1.2%.

On a margin basis, Baldwin Insurance Group, Inc. reports gross margins of 47.0%. The operating margin is 6.6% (sector: 21.8%). Net profit margin stands at -2.0%, versus 17.7% for the average Financials stock. Revenue growth is running at 7.5% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

BWIN Debt, Balance Sheet, and Financial Health

Baldwin Insurance Group, Inc. has a debt-to-equity ratio of 256.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.16x, suggesting adequate working capital coverage. Total debt on the balance sheet is $1.71B. Cash and equivalents stand at $326M.

BWIN has a beta of 0.78, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Baldwin Insurance Group, Inc. is 51/100, reflecting average volatility within the normal range for its sector.

Baldwin Insurance Group, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Baldwin Insurance Group, Inc. reported revenue of $1.50B and earnings per share (EPS) of $-0.50. Net income for the quarter was $-25M. Gross margin was 47.0%. Operating income came in at $103M.

In FY 2025, Baldwin Insurance Group, Inc. reported revenue of $1.50B and earnings per share (EPS) of $-0.50. Net income for the quarter was $-54M. Revenue grew 8.3% year-over-year compared to FY 2024. Operating income came in at $74M.

In Q3 2025, Baldwin Insurance Group, Inc. reported revenue of $365M and earnings per share (EPS) of $-0.27. Net income for the quarter was $-30M. Revenue grew 7.8% year-over-year compared to Q3 2024. Operating income came in at $3M.

In Q2 2025, Baldwin Insurance Group, Inc. reported revenue of $379M and earnings per share (EPS) of $-0.05. Net income for the quarter was $-5M. Revenue grew 11.5% year-over-year compared to Q2 2024. Operating income came in at $28M.

Over the past 8 quarters, Baldwin Insurance Group, Inc. has demonstrated a growth trajectory, with revenue expanding from $340M to $1.50B. Investors analyzing BWIN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

BWIN Dividend Yield and Income Analysis

Baldwin Insurance Group, Inc. (BWIN) does not currently pay a dividend. This is common among smaller companies in the Insurance industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

BWIN Momentum and Technical Analysis Profile

Baldwin Insurance Group, Inc. (BWIN) has a momentum factor score of 22/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 30/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 11/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

BWIN vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Baldwin Insurance Group, Inc. (BWIN) ranks #744 out of 891 stocks based on the Blank Capital composite score. This places BWIN in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing BWIN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BWIN vs S&P 500 (SPY) comparison to assess how Baldwin Insurance Group, Inc. stacks up against the broader market across all factor dimensions.

BWIN Next Earnings Date

No upcoming earnings date has been announced for Baldwin Insurance Group, Inc. (BWIN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy BWIN? — Investment Thesis Summary

The quantitative profile for Baldwin Insurance Group, Inc. suggests caution. The quality score of 35/100 flags below-average profitability. Momentum is weak at 22/100, a headwind for near-term performance.

In summary, Baldwin Insurance Group, Inc. (BWIN) earns a Reduce rating with a composite score of 32.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BWIN stock.

Related Resources for BWIN Investors

Explore more research and tools: BWIN vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BWIN head-to-head with peers: BWIN vs WTM, BWIN vs OPY, BWIN vs ACT.