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

BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a report issued on Thursday, Marketbeat.com reports. The brokerage issued an outperform rating and a $53.00 price target on the stock.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered their target price on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company lowered 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, February 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.86.

The Baldwin Insurance Group Stock Performance

BWIN stock opened at $46.05 on Thursday. The Baldwin Insurance Group has a 1-year low of $31.47 and a 1-year high of $55.82. The business’s 50-day moving average price is $41.22 and its two-hundred day moving average price is $44.18. The firm has a market cap of $5.42 billion, a PE ratio of -71.95, a P/E/G ratio of 1.17 and a beta of 1.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling

In related news, Director Lowry Baldwin sold 34,901 shares of the company’s stock in a transaction dated 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 owns 90,099 shares in the company, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now owns 13,302 shares of the company’s stock, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

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