Baldwin Insurance Group (BWIN) Gains as BMO Initiates Coverage with Outperform Rating

Author's Avatar
Mar 27, 2025
Article's Main Image

Baldwin Insurance Group (BWIN, Financial) saw its shares rise by 3.2% after BMO Capital Markets started coverage with an Outperform rating, citing the stock's undervaluation despite positive growth factors. Analyst Charlie Lederer highlighted the company's strong organic growth potential, renewed M&A capacity, and innovative distribution strategies as reasons for its favorable outlook. BWIN trades at approximately 13.6 times BMO's 2027 EBITDA estimates, which is 4% below its historical average. The stock has surged nearly 20% this year, outpacing the financial sector's modest gains.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.