# Baldwin Insurance Group share price today (The Baldwin Insurance Group, Inc., BWIN)

> The Baldwin Insurance Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BWIN · Financials · Insurance Brokers · data as of 4 November 2026. Page: https://www.sectoralpha.in/us/stocks/bwin

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## Key numbers

- Price: $32.14 (+19.6% in a year)
- P/BV: 3.5× (higher than 67% of the last 5.3 years)
- Revenue (Jun 2026): $493 M (+30.1% on a year ago)
- Profit (Jun 2026): −$39.0 M
- Net margin: −7.9% (−7.1 points on a year ago)
- ROE: −11%, FY25

Biggest thing to watch: the P/BV is higher than 67% of its own history, so the multiple has already done part of the work. ## What is the Baldwin Insurance Group share price today? The Baldwin Insurance Group, Inc.'s share price was $32.14 at the close on 4 November 2026. It has been stalling near its high for 20 weeks. That is 27.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between $17 and $32, and at that close it was at the high of that range. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 20 weeks in a row. Over the last 7 years the share price moved +99% while the S&P 500 moved +154%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Baldwin Insurance Group pay? The Baldwin Insurance Group, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Baldwin Insurance Group on? Baldwin Insurance Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Baldwin Insurance Group profitable? The Baldwin Insurance Group, Inc. posted a net loss of $39.0 M in the Jun 2026 quarter. The full FY25 year was a loss of $33.8 M. That loss is 7.9% of the quarter's revenue. The same quarter a year earlier lost $3.2 M. 9 of the last 12 reported quarters were loss-making. ## How much revenue does Baldwin Insurance Group make, and is it growing? The Baldwin Insurance Group, Inc. reported $493 M of income in the Jun 2026 quarter, +30.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 27.6% a year on average. The last full year, FY25, came in at $1.5 B. The last four reported quarters add to $1.7 B. FY25 revenue was $1.5 B, +8.3% on the year before. Recent pace: the last four quarters grew +18.0% on average, against 27.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +18.9%, against +15.1% a year over the last 8 quarters (accelerating). ## How much does Baldwin Insurance Group keep from what it earns? The Baldwin Insurance Group, Inc.'s net margin was −7.9% in the Jun 2026 quarter, 7.1 percentage points lower than the same quarter a year ago. Across 5 years it has been between −7.4% and −1.8%. The latest quarter is below every full year in that period. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Baldwin Insurance Group's loans have gone bad? The Baldwin Insurance Group, Inc. does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Baldwin Insurance Group's loan book growing? The Baldwin Insurance Group, Inc.'s revenue was $1.5 B in FY25, +8.3% on the year before, so the loan book is growing. The latest quarter was +30.1% on a year earlier. The net margin on that income is −7.9%, −7.1 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch. ## What is Baldwin Insurance Group's P/BV ratio, and how does it compare with its own history? The Baldwin Insurance Group, Inc.'s P/BV is 3.5×, in the middle of its own history: higher than 67% of past readings. Its usual P/BV (the middle reading) is 3.0×, over 5.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about −11% a year on its equity. A lender that earns less on its net worth is valued lower for each dollar of it, and that gap usually closes only if returns improve. Where the price move came from: over 5 years the price moved −3.4% a year; about −2.1% a year came from book-value growth and about −1.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## Is the Baldwin Insurance Group business getting better or worse? The Baldwin Insurance Group, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Baldwin Insurance Group earn on its equity and assets? The Baldwin Insurance Group, Inc. earned a return on equity of −3% in FY25. Its lowest yearly reading on file was −9% in FY23. On its assets, every $100 earned about −$0.91, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why: the ROE chart shows the move, but the deposit-cost and bad-loan details behind it are not in our data. ## Does Baldwin Insurance Group have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Baldwin Insurance Group shareholding pattern? 7.9% of The Baldwin Insurance Group, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 1.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Baldwin Insurance Group from balance-sheet trouble? For The Baldwin Insurance Group, Inc., the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Baldwin Insurance Group rank in its industry? 44.5 out of 100, rank 11 of 15 in Insurance Brokers, with 55% of the evidence available. The Baldwin Insurance Group, Inc. scores 44.5 out of 100 against the 15 companies it is compared with in Insurance Brokers, ranking 11. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 14.6 + 5 + 9.8 + 15.1 = 44.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Baldwin Insurance Group compared with? Baldwin Insurance Group ranks 11 of 15 Insurance Brokers companies on the 4-Factor Sector Score, with 44.5 out of 100. 1. [TWFG, Inc.](https://www.sectoralpha.in/us/stocks/twfg) TWFG · turning · Most evidence points up · 76% evidence 73.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.4/35 · Income 34.7% · Profit 80.7% · 71% evidence Capital efficiency 16.6/25 · ROA 8.3% · ROE 16.8% · GNPA n/a · 68% evidence Valuation 16.0/20 · P/BV 1.09× · P/BV÷ROE 0.07 · 70% evidence Relative strength 12.9/20 · Lead over its industry 4.1% · Lead over S&P 500 15% · 1 year 16.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 28.4 + 16.6 + 16 + 12.9 = 73.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [CorVel Corporation](https://www.sectoralpha.in/us/stocks/crvl) CRVL · leader · Evidence leans up · 76% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Income 7.2% · Profit 15% · 71% evidence Capital efficiency 19.4/25 · ROA 15.4% · ROE 32.2% · GNPA n/a · 68% evidence Valuation 5.2/20 · P/BV 7.8× · P/BV÷ROE 0.24 · 70% evidence Relative strength 19.6/20 · Lead over its industry 14.5% · Lead over S&P 500 27% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.1 + 19.4 + 5.2 + 19.6 = 60.3 · What this means: Relative strength against the index is 27%, and revenue and profit growth are weak. 3. [Brown & Brown, Inc.](https://www.sectoralpha.in/us/stocks/bro) BRO · turning · Evidence leans up · 76% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.0/35 · Income 34.6% · Profit 19.7% · 71% evidence Capital efficiency 14.2/25 · ROA 7.4% · ROE 13.6% · GNPA n/a · 68% evidence Valuation 13.7/20 · P/BV 1.73× · P/BV÷ROE 0.13 · 70% evidence Relative strength 7.7/20 · Lead over its industry -10.4% · Lead over S&P 500 -0.4% · 1 year -5.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 22 + 14.2 + 13.7 + 7.7 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Arthur J. Gallagher & Co.](https://www.sectoralpha.in/us/stocks/ajg) AJG · turning · Evidence leans up · 76% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Income 30.8% · Profit -4.5% · 71% evidence Capital efficiency 13.4/25 · ROA 4.4% · ROE 14% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 2.48× · P/BV÷ROE 0.18 · 70% evidence Relative strength 15.4/20 · Lead over its industry 2.3% · Lead over S&P 500 13.7% · 1 year 15.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 18.4 + 13.4 + 9.8 + 15.4 = 57 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Marsh & McLennan Companies, Inc.](https://www.sectoralpha.in/us/stocks/mrsh) MRSH · turning · Evidence leans up · 80% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Income 7.6% · Profit -1.9% · 81% evidence Capital efficiency 17.8/25 · ROA 8.2% · ROE 34.2% · GNPA n/a · 68% evidence Valuation 10.3/20 · P/BV 5.46× · P/BV÷ROE 0.16 · 70% evidence Relative strength 12.5/20 · Lead over its industry -1.6% · Lead over S&P 500 9.8% · 1 year 16.8% · 100% evidence · 6 of 12 weeks ahead Exact sum: 15.5 + 17.8 + 10.3 + 12.5 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Goosehead Insurance, Inc.](https://www.sectoralpha.in/us/stocks/gshd) GSHD · basing · Evidence leans up · 64% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Income 17.6% · Profit 16.7% · 71% evidence Capital efficiency 18.6/25 · ROA 9.2% · ROE 461.2% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV -6.09× · P/BV÷ROE n/a · 10% evidence Relative strength 1.0/20 · Lead over its industry -12.7% · Lead over S&P 500 -4% · 1 year -19% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.5 + 18.6 + 10.9 + 1 = 55 · What this means: Earnings are strong; relative strength in its sector is -12.7% and the one-year return is -19%. 7. [Aon plc](https://www.sectoralpha.in/us/stocks/aon) AON · basing · Evidence leans up · 76% evidence 51.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Income 4.9% · Profit 49.3% · 71% evidence Capital efficiency 18.9/25 · ROA 8.8% · ROE 50.8% · GNPA n/a · 68% evidence Valuation 11.2/20 · P/BV 7.3× · P/BV÷ROE 0.14 · 70% evidence Relative strength 1.7/20 · Lead over its industry -12.9% · Lead over S&P 500 -2.6% · 1 year -0.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.5 + 18.9 + 11.2 + 1.7 = 51.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Willis Towers Watson Public Limited Company](https://www.sectoralpha.in/us/stocks/wtw) WTW · quiet · Evidence leans up · 76% evidence 50.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Income 3% · Profit 100% · 71% evidence Capital efficiency 13.4/25 · ROA 4.2% · ROE 15% · GNPA n/a · 68% evidence Valuation 7.4/20 · P/BV 3.18× · P/BV÷ROE 0.21 · 70% evidence Relative strength 6.9/20 · Lead over its industry -6.3% · Lead over S&P 500 4.2% · 1 year 3.5% · 100% evidence · 6 of 12 weeks ahead Exact sum: 22.6 + 13.4 + 7.4 + 6.9 = 50.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Erie Indemnity Company](https://www.sectoralpha.in/us/stocks/erie) ERIE · turning · Evidence leans down · 76% evidence 47.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Income 3.7% · Profit -7.8% · 71% evidence Capital efficiency 18.7/25 · ROA 12.7% · ROE 26% · GNPA n/a · 68% evidence Valuation 8.2/20 · P/BV 5.08× · P/BV÷ROE 0.2 · 70% evidence Relative strength 10.1/20 · Lead over its industry -7.4% · Lead over S&P 500 3.1% · 1 year -1.7% · 100% evidence · 8 of 12 weeks ahead Exact sum: 10 + 18.7 + 8.2 + 10.1 = 47 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Accelerant Holdings](https://www.sectoralpha.in/us/stocks/arx) ARX · leader · Evidence leans down · 64% evidence 46.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 55.5% · Profit -3137.8% · 71% evidence Capital efficiency 5.3/25 · ROA -0.2% · ROE -2.3% · GNPA n/a · 68% evidence Valuation 9.6/20 · P/BV 3.44× · P/BV÷ROE n/a · 10% evidence Relative strength 19.2/20 · Lead over its industry 10.8% · Lead over S&P 500 23.1% · 1 year 57% · 100% evidence · 12 of 12 weeks ahead Exact sum: 12.8 + 5.3 + 9.6 + 19.2 = 46.9 · What this means: Relative strength against the index is 23.1%, and revenue and profit growth are weak. 11. The Baldwin Insurance Group, Inc. this page BWIN · leader · Too little evidence to rank firmly · 55% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.6/35 · Income 18.9% · Profit n/a · 45% evidence Capital efficiency 5.0/25 · ROA -4.7% · ROE -0.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 1.82× · P/BV÷ROE n/a · 10% evidence Relative strength 15.1/20 · Lead over its industry 7.5% · Lead over S&P 500 19.1% · 1 year 19.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 14.6 + 5 + 9.8 + 15.1 = 44.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 12. [Crawford & Company](https://www.sectoralpha.in/us/stocks/crd-a) CRD-A · quiet · Most evidence points down · 76% evidence 26.5 out of 100 Growth Capital Valuation Relative
13. SelectQuote, Inc. SLQT · Too little evidence to rank firmly · 47% evidence 62.8 out of 100 Growth Capital Valuation Relative
14. [Neptune Insurance Holdings Inc.](https://www.sectoralpha.in/us/stocks/np) NP · basing · Too little evidence to rank firmly · 41% evidence 49.0 out of 100 Growth Capital Valuation Relative
15. [Ethos Technologies Inc.](https://www.sectoralpha.in/us/stocks/life) LIFE · breaking out · Too little evidence to rank firmly · 44% evidence 39.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Insurance Brokers](https://www.sectoralpha.in/us/sectors/insurance-brokers), all 15 compared on one page. ## Which companies are close to Baldwin Insurance Group in size? Baldwin Insurance Group is the 7th largest of 14 Insurance Brokers companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Willis Towers Watson Public Limited Company, Brown & Brown, Inc. and Erie Indemnity Company. Just below it: CorVel Corporation, Accelerant Holdings and Neptune Insurance Holdings Inc. ### Insurance Brokers companies close in size

1. [Willis Towers Watson Public Limited Company](https://www.sectoralpha.in/us/stocks/wtw) $31.1 billion
2. [Brown & Brown, Inc.](https://www.sectoralpha.in/us/stocks/bro) $24.5 billion
3. [Erie Indemnity Company](https://www.sectoralpha.in/us/stocks/erie) $14.6 billion
4. The Baldwin Insurance Group, Inc. $4.5 billion
5. [CorVel Corporation](https://www.sectoralpha.in/us/stocks/crvl) $4.4 billion
6. [Accelerant Holdings](https://www.sectoralpha.in/us/stocks/arx) $4.3 billion
7. [Neptune Insurance Holdings Inc.](https://www.sectoralpha.in/us/stocks/np) $3.9 billion

[All 14 Insurance Brokers companies, largest first](https://www.sectoralpha.in/us/sectors/insurance-brokers#all-companies)

### Companies close in size in other industries

1. [PVH Corp.](https://www.sectoralpha.in/us/stocks/pvh) $4.5 billion · Apparel Manufacturing
2. [Blue Owl Technology Finance Corp.](https://www.sectoralpha.in/us/stocks/otf) $4.5 billion · Asset Management
3. The Baldwin Insurance Group, Inc. $4.5 billion
4. [Kontoor Brands, Inc.](https://www.sectoralpha.in/us/stocks/ktb) $4.5 billion · Apparel Manufacturing
5. [First Financial Bankshares, Inc.](https://www.sectoralpha.in/us/stocks/ffin) $4.5 billion · Banks - Regional

## What else do people ask about Baldwin Insurance Group? ### What were Baldwin Insurance Group's latest quarterly results? The Baldwin Insurance Group, Inc. reported total income of $493 M and a net loss of $39.0 M for the Jun 2026 quarter. Earnings per share were −$0.42. The net margin was −7.9%, 7.1 percentage points lower than a year earlier (as of 4 November 2026). ### What is Baldwin Insurance Group's market cap? The Baldwin Insurance Group, Inc.'s market capitalisation is $4.5 B at a stock price of $32.14. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Baldwin Insurance Group performing? The Baldwin Insurance Group, Inc.'s share price has been stalling near its high for 20 weeks. Over the past 13 weeks it has done better than the S&P 500, for 20 weeks running. This describes what the data did, not a rating (as of 4 November 2026). ### Will Baldwin Insurance Group's stock price go up? This page does not forecast The Baldwin Insurance Group, Inc.'s stock price. What it shows instead: the stock price is $32.14, and it has been stalling near its high for 20 weeks. Its P/BV of 3.5× is higher than 67% of its own last 5 years (as of 4 November 2026). ### Where is Baldwin Insurance Group in its business cycle? The Baldwin Insurance Group, Inc.'s FY25 net margin was −2.2%, against a 5-year range of −7.4% to −1.8%: the middle of its own range, neither a peak nor a low. The latest quarter was −7.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Baldwin Insurance Group story? Biggest thing to watch: the P/BV is higher than 67% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Baldwin Insurance Group a stock worth studying right now? What the numbers show: The Baldwin Insurance Group, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). This is research, not advice. We’re not SEBI-registered.