Brokerages Set The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Target Price at $44.86

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $44.86.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th.

The Baldwin Insurance Group Trading Down 4.8 %

NASDAQ BWIN opened at $42.97 on Wednesday. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of -67.14, a PEG ratio of 1.17 and a beta of 1.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group has a one year low of $31.47 and a one year high of $55.82. The company’s 50 day moving average price is $41.64 and its 200 day moving average price is $44.09.

Insider Transactions at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 34,901 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares of the company’s stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,836 shares of company stock valued at $5,330,639. Insiders own 20.14% of the company’s stock.

Institutional Trading of The Baldwin Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. acquired a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth approximately $36,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Finally, Premier Fund Managers Ltd acquired a new position in The Baldwin Insurance Group during the 4th quarter valued at approximately $44,000. 77.49% of the stock is owned by institutional investors and hedge funds.

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.