New York, May 31, 2026, 18:04 EDT
- Baldwin Insurance slipped 2.2% to $19.42 on Friday, closing out the session lower. The stock is off about 1.2% for the holiday-shortened week.
- The stock underperformed as the U.S. market climbed, with the S&P 500 and Nasdaq ending the week at new records.
- Next up is management’s June 3 talk at the William Blair Growth Stock Conference.
Baldwin Insurance Group shares fell in the last trading session before the weekend, ending the holiday-shortened week down as the insurer lagged a U.S. equity market that kept hitting new records.
Baldwin shares ended Friday at $19.42, slipping 44 cents, or 2.2%. Volume was about 2.0 million. Over the week, with U.S. markets shut Monday for Memorial Day, the stock dropped from $19.66 at last Wednesday’s close, off around 1.2%.
S&P 500 climbed 1.4% this week, with the Nasdaq up 2.4%. Both hit record closes Friday, AP data showed. Russell 2000 gained 1.7%. But that move ran against the market’s tone.
Baldwin traded behind several insurance broker rivals on Friday. Brown & Brown slipped 1.0%. Arthur J. Gallagher dropped 0.8%. Ryan Specialty was up 0.3%.
Baldwin shares are back in focus after its May earnings. The company reported Q1 revenue of $532.2 million, up 29% year over year. Organic revenue growth, stripping out the first year of new partners and divestitures, was 2%.
Baldwin posted a net loss of $1.9 million, but adjusted EBITDA was up 21% to $137.2 million. Adjusted EBITDA excludes interest, taxes, depreciation and amortization, along with some other costs. Companies use the figure to present operating results. It does not follow GAAP.
CEO Trevor Baldwin said in the earnings release that first-quarter results show the platform’s “durability and accelerating earnings power.” He noted early contributions from January partnerships like CAC Group. The Baldwin Group
Investors get a new data point this week. CEO Trevor Baldwin and CFO Brad Hale are set to speak at the William Blair Growth Stock Conference at 3:40 p.m. Eastern on Wednesday, June 3.
Mixed analyst calls ahead of the weekend. Raymond James kept its buy on May 27, according to StockAnalysis data. Wells Fargo held its rating, but slashed the price target to $24 from $36 also on May 27.
Commercial property prices have dropped but some casualty lines are still going up, Baldwin said in a May 7 market report, describing a split that can change how clients buy and what brokers earn. Leslie Nylund, Baldwin’s national managing director of broking and insurance company partnerships, said, “Market conditions are no longer moving in a single direction,” in the report. The Baldwin Group
Risks remain that Baldwin’s acquisition-driven growth may not turn into stronger core results soon enough. The first-quarter filing showed an operating loss of $101.3 million, with long-term debt near $2.15 billion and $191 million pulled from its revolver as of March 31. If integration costs stay high or insurance pricing softens in main lines, the stock could lag bigger brokers.
