The Baldwin Insurance Group (NASDAQ:BWIN) Now Covered by Analysts at BMO Capital Markets

Analysts at BMO Capital Markets started coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a report issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $53.00 price target on the stock. BMO Capital Markets’ price target points to a potential upside of 17.49% from the company’s previous close.

BWIN has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Keefe, Bruyette & Woods reduced their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.86.

The Baldwin Insurance Group Trading Down 2.0 %

Shares of BWIN stock opened at $45.11 on Thursday. The business’s fifty day moving average price is $41.29 and its 200 day moving average price is $44.17. The firm has a market capitalization of $5.30 billion, a PE ratio of -70.48, a P/E/G ratio of 1.17 and a beta of 1.72. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group has a 1-year low of $31.47 and a 1-year high of $55.82.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now directly owns 80,663 shares of the company’s stock, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lowry Baldwin sold 34,901 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the completion of the transaction, the director now directly owns 90,099 shares of the company’s stock, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 over the last quarter. Insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $325,535,000. Vanguard Group Inc. purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at $255,331,000. William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $190,218,000. Bamco Inc. NY purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $116,668,000. Finally, Capital International Investors purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $99,040,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

The Baldwin Insurance Group Company Profile

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.