The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Lowered to $33.00 at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN) had its price target trimmed by Wells Fargo & Company from $38.00 to $33.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other equities analysts also recently commented on BWIN. Keefe, Bruyette & Woods reduced their price objective on 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. JPMorgan Chase & Co. cut their target price on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Trading Up 1.9 %

BWIN opened at $40.61 on Wednesday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of -63.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The company’s 50 day simple moving average is $39.81 and its two-hundred day simple moving average is $44.61. The Baldwin Insurance Group has a 1-year low of $26.08 and a 1-year high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

Insider Activity

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $3,353,000. Continuum Advisory LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at approximately $75,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $6,894,000. Westwood Holdings Group Inc. acquired a new position in The Baldwin Insurance Group during the fourth quarter worth $77,164,000. Finally, Two Sigma Investments LP purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $1,529,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

About The Baldwin Insurance Group

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.