BALDWIN INSURANCE GROUP INC CLASS (BWIN)
Financials · Insurance Brokerage · NASDAQ
A diversified insurance brokerage and underwriting platform providing retail, reinsurance, and specialty insurance solutions.
What BALDWIN INSURANCE GROUP INC CLASS does
The Baldwin Insurance Group, Inc. is an insurance brokerage and underwriting firm that provides a broad range of insurance and risk management services. Its operations include retail insurance brokerage, managing general agent (MGA) platforms, reinsurance brokerage, and captive management services. The company distributes insurance products through its own risk advisors and acquired partner agencies.
Themes: insurance brokerage, reinsurance, MGA platforms, risk management, captive insurance
Fundamentals
- Price$31.90 as of 2026-08-21 close
- Market cap$4.3B as of 2026-08-24
- 1-year return-6.5% 2025-08-21 close $34.11 → 2026-08-21 close $31.90
- P/En/a negative earnings
- Net margin-4.7% as of 2026-08-24
- Gross margin+30.3% as of 2026-08-24
- ROE-10.6% as of 2026-08-24
- Debt / equity2.79 as of 2026-08-24
- Revenue growth (YoY)+18.9% as of 2026-08-24
- Revenue CAGR (3y)+15.3% SEC XBRL
- Beta1.00 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
How BWIN compares in its sector
- net profit marginbottom 10% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-24
- gross marginbottom 25% 176 covered Financials peers, as of 2026-08-24
- return on equitybottom 10% 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
BWIN is in the Financials Short-term Top 10.
Financials Short-term Top 10 — since 18 Aug 2026
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
60.9 #170 of 1,704 scored · #33 of 277 in Financials
Trend 82nd: a strong uptrend, with buyers in control; momentum 69th: over the past 3 months this stock beat the market by 53.5 percentage points; weakest is volume and participation 22nd: trading volume is unusually light — only about 47% of its 30-day average.
In this list since 18 Aug 2026 — currently 5th in the list (3 days)
- Entered 18 Aug 2026: first selection for this list at rank 9, score 65.3.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
How BALDWIN INSURANCE GROUP INC CLASS looks technically
BALDWIN INSURANCE GROUP INC CLASS (BWIN) is trading 34.8% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 17 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 42, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 66, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2025-09-08, pushing above its recent trading range. Trading volume is unusually light — only about 47% of its 30-day average.
Trend
7
| Distance from the 200-day | it is trading 34.8% above its 200-day average, the long-term trend line — a longer-term uptrend | +34.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $26.65 | $26.65 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $23.66 | $23.66 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 17 trading days ago — a "golden cross", a bullish long-term signal | 17 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 42, with buyers in control | 41.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 66, neither overbought (above 70) nor oversold (below 30) | 65.5 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($28.02 to $32.56) — its "stochastic" reading is 85 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 85.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 15 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $34.79 | $34.79 |
|---|---|---|
| From the 52-week high | it is 8.3% below its 52-week high (its highest price of the past year) | -8.3% |
| Above the 52-week low | it is 100.9% above its 52-week low (its lowest price of the past year) | +100.9% |
| Below the 52-week high | it is 8.3% below its highest point of the past year | 8.3% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2025-09-08, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day high, its first since 2025-09-08, pushing above its recent trading range | 1 session |
| All-time high | its highest closing price on record is $55.82 (set on 2024-10-17) | $55.82 |
| Given back of the 52-week move | over the past year its closes ranged ($16.50 to $34.11), and it has recovered almost all of its fall from last year’s high — 87% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $27.38 to $27.95. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 87.5% |
| From the all-time high | it is 42.9% below its all-time high | -42.9% |
| Nearest price level | it is trading 1.4% below a resistance level at $32.36 — a price it turned at twice since 2025-09-17, most recently on 2026-08-14. Since 2024-08-21 it has 8 such levels below the current price and 9 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.4% |
| All-time low | its lowest closing price on record is $8.35 (set on 2020-04-03) | $8.35 |
| Above the all-time low | it is 282.0% above its all-time low | +282.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 37th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.42 between its high and its low — about 4.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.42 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $26.65 and $32.48 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $26.65 – $29.57 – $32.48 |
| Typical daily range (% of price) | its price moves about 4.4% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.4% |
| Stretch from the 200-day average | it is trading 5.8 daily ranges above its 200-day average price (34.8% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.8 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is unusually light — only about 47% of its 30-day average | 0.47× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 1.4% since the prior reading | +1.4% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 4 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 4 sessions ago |
|---|---|---|
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
| Since a bearish engulfing | 3 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 3 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.5% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.5% |
|---|---|---|
| Open gap | it gapped 2.1% above the previous close 14 sessions ago and has not traded back through the level it left behind at 27.74 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.0% |
| Gap filled | a 2.7% gap down opened on 2026-08-17 has been "filled" 3 sessions ago — price traded back through the level the gap left behind, and it took 1 session to close | 3 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +5.63% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 19.7 percentage points (the stock gained 22.0% while the market gained 2.3%) | +19.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 53.5 percentage points (the stock gained 56.6% while the market gained 3.1%) | +53.5% |
| vs market, 6 months | over the past 6 months this stock beat the market by 81.9 percentage points (the stock gained 93.0% while the market gained 11.1%) | +81.9% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 27.0 percentage points (the stock lost 6.5% while the market gained 20.5%) | -27.0% |
Signal agreement
2
| Bullish technical signals | 7 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, a fresh 20-day high, MACD momentum is positive, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 7 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 29% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 6.6% of the share price. | +28.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 40% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $22.76 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +40.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 7% above the average price paid since it last reported on 2026-07-30 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $29.79 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | +7.1% |
Price levels it has turned at before
BWIN last closed at $31.90 on 2026-08-21. Since 2024-08-21 it has turned at 8 prices below its last close and 9 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $32.36 | Resistance | 1.4% above the last close | turned there twice · 2025-09-17 to 2026-08-14 |
| $29.81 | Support | 6.5% below the last close | turned there four times · 2025-09-04 to 2026-08-03 |
| $34.78 | Resistance | 9.0% above the last close | turned there twice · 2025-01-13 to 2025-08-22 |
| $28.60 | Support | 10.4% below the last close | turned there five times · 2025-08-07 to 2026-07-17 |
| $26.98 | Support | 15.4% below the last close | turned there twice · 2026-01-15 to 2026-04-21 |
| $37.50 | Resistance | 17.6% above the last close | turned there six times · 2025-03-07 to 2025-06-17 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · Broke out to a new 20-day high · in a strong, established uptrend (ADX) · Analyst price target recently RAISED · beating the market | Learn: moving average · golden cross · adx · rsi · breakout · volume and relative volume
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.80 mean, 1=Strong Buy…5=Strong Sell) — 9 analysts
- Mean price target$32.22 range $26.00 – $38.00; median $31.00
Analyst estimates, as of 2026-08-18. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for BWIN
- Consensus EPS estimate$0.4294 next reporting period, as of 2026-08-18
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant debt obligations under the JPM Credit Facility and Senior Secured Notes.","Reliance on strategic acquisitions and the ability to successfully integrate partner agencies.","Potential volatility in insurance markets and dependence on relationships with insurance company partners."]
What changed in the latest 10-Q
AI-assisted comparison of BWIN's 10-Q filed 2026-05-04 against the prior one filed 2025-11-04.
Management's Discussion & Analysis (MD&A)
- Reworded:
- Annual Report on Form 10-K reference date changed from 'year ended December 31, 2024 filed with the SEC on February 25, 2025' (2025-11-04 filing) to 'year ended December 31, 2025 filed with the SEC on February 26, 2026' (2026-05-04 filing)
- Notes:
- Both text excerpts are truncated at 'Part I,' so comparison is limited to the opening boilerplate language only
Risk Factors
- Added:
- Added definition for 'Incremental Term Loans' referring to $600 million of incremental term loans entered into January 2, 2026 (newer filing, 2026-05-04)
- Added definition for 'JPM Credit Agreement' replacing the older 'JPM Credit Agreement' definition with updated amendment reference including Amendment No. 4 dated January 2, 2026 (newer filing, 2026-05-04)
- Added definition for 'JPM Credit Facility' (newer filing, 2026-05-04)
- Added 'Millennial Specialty Insurance, our MGA platform' to MSI definition (newer filing, 2026-05-04)
- Added 'Term Loans' definition specifying principal amount of $1.6 billion (newer filing, 2026-05-04)
- Added reference to 10-K filed February 26, 2026 for fiscal year ended December 31, 2025 (newer filing, 2026-05-04)
- Added 'Tax Receivable Agreement liabilities' of $144,570 in balance sheet (newer filing, 2026-05-04)
- Added 'Deferred tax liabilities' of $4,650 in balance sheet (newer filing, 2026-05-04)
- Added 'Other liabilities' of $128,400 in balance sheet (newer filing, 2026-05-04)
- Removed:
- Removed definition for '2024 Credit Agreement' (older filing, 2025-11-04)
- Removed definition for '2024 Credit Facility' (older filing, 2025-11-04)
- Removed definition for '2025 Term Loan Facility' (older filing, 2025-11-04)
- Removed reference to 10-K filed February 25, 2025 for fiscal year ended December 31, 2024 (older filing, 2025-11-04)
- Removed 'Wholesale Business' definition regarding specialty wholesale broker business sold March 1, 2024 (older filing, 2025-11-04)
- Removed 'transformation costs' from adjusted EBITDA definition (older filing, 2025-11-04)
- Removed former names '(formerly Baldwin Risk Partners, LLC)' from Baldwin Holdings definition (older filing, 2025-11-04)
- Removed former names '(formerly BRP Group, Inc.)' from Baldwin definition (older filing, 2025-11-04)
- Removed 'Related party notes payable' of $5,635 from balance sheet (older filing, 2025-11-04)
- Removed 'Colleague earnout incentives' of $32,826 from balance sheet (older filing, 2025-11-04)
- Reworded:
- Changed 'Transaction-related partnership and integration expenses, transformation costs, severance' to 'transaction-related partnership and integration expenses' in adjusted EBITDA definition (newer filing, 2026-05-04 vs older filing, 2025-11-04)
- Changed MSI definition from 'Our MGA platform' to 'Millennial Specialty Insurance, our MGA platform' (newer filing, 2026-05-04)
- Changed Revolving Facility definition from referencing '2024 Credit Facility' to referencing 'JPM Credit Facility' (newer filing, 2026-05-04)
- Updated balance sheet reporting dates from September 30, 2025 and December 31, 2024 to March 31, 2026 and December 31, 2025 (newer filing, 2026-05-04 vs older filing, 2025-11-04)
- Notes:
- Financial statement comparison reflects different reporting periods: March 31, 2026 vs December 31, 2025 (newer) versus September 30, 2025 vs December 31, 2024 (older), making direct balance sheet comparisons not directly comparable
- Changes to credit facility definitions reflect amendments to the JPM Credit Agreement rather than definition changes alone
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days0 buys · 5 sells ($5M) — 2 selling insiders
Most recent open-market transaction: 2026-05-14. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about BWIN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 5 matched disclosures for BWIN from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Institutional ownership (13F)
4 institutional 13F filers reported holding BWIN as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 23,090,516
- Reported value $506,605,912
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
BWIN had 11,288,142 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for BWIN because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 11,288,142
- Prior settlement (shares) 11,552,379
- Reported change -2.29%
- Days to cover (reported) 8.69
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Marsh & McLennan (MMC)
- Aon (AON)
- Arthur J. Gallagher (AJG)
- Willis Towers Watson (WTW)
- Brown & Brown (BRO)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does BALDWIN INSURANCE GROUP INC CLASS (BWIN) do?
The Baldwin Insurance Group, Inc. is an insurance brokerage and underwriting firm that provides a broad range of insurance and risk management services. Its operations include retail insurance brokerage, managing general agent (MGA) platforms, reinsurance brokerage, and captive management services. The company distributes insurance products through its own risk advisors and acquired partner agencies.
What sector is BALDWIN INSURANCE GROUP INC CLASS (BWIN) in?
BALDWIN INSURANCE GROUP INC CLASS (BWIN) is classified in the Financials sector. Its industry is Insurance Brokerage. It trades on NASDAQ.
Who are BALDWIN INSURANCE GROUP INC CLASS's (BWIN) competitors?
Notable peers of BALDWIN INSURANCE GROUP INC CLASS (BWIN) include Marsh & McLennan, Aon, Arthur J. Gallagher, Willis Towers Watson and Brown & Brown. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in BWIN?
Yes — we hold 5 matched STOCK Act disclosures for BWIN from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is BALDWIN INSURANCE GROUP INC CLASS (BWIN) overbought or oversold right now?
BALDWIN INSURANCE GROUP INC CLASS (BWIN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 66, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BWIN come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.