JPMorgan Chase & Co. Cuts The Baldwin Insurance Group (NASDAQ:BWIN) Price Target to $39.00

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price trimmed by JPMorgan Chase & Co. from $46.00 to $39.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods dropped their price objective 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. Wells Fargo & Company dropped their price objective on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

The Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $41.14 on Wednesday. The Baldwin Insurance Group has a one year low of $26.08 and a one year high of $55.82. 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 company has a 50 day moving average price of $39.88 and a 200 day moving average price of $44.55. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -64.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 sale, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 291,906 shares of company stock valued at $12,955,475. Corporate insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWIN. FMR LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter worth $325,535,000. Vanguard Group Inc. acquired a new position in The Baldwin Insurance Group during the 4th quarter worth $255,331,000. William Blair Investment Management LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter worth $190,218,000. Bamco Inc. NY acquired a new position in The Baldwin Insurance Group during the 4th quarter worth $116,668,000. Finally, Capital International Investors acquired a new position in The Baldwin Insurance Group during the 4th quarter worth $99,040,000. Hedge funds and other institutional investors 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.