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

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $44.86.

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

The Baldwin Insurance Group Stock Down 4.8 %

Shares of NASDAQ:BWIN opened at $42.97 on Wednesday. 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 stock has a market cap of $5.05 billion, a price-to-earnings ratio of -67.14, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a 50 day moving average of $41.64 and a 200-day moving average of $44.01. The Baldwin Insurance Group has a one year low of $31.47 and a one year high of $55.82.

Insider Transactions at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 15,902 shares of The Baldwin Insurance Group stock in a transaction on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the completion of the sale, the chief executive officer now owns 13,302 shares of the company’s stock, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several institutional investors have recently added to or reduced their stakes in BWIN. FMR LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at approximately $325,535,000. Vanguard Group Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $255,331,000. William Blair Investment Management LLC bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at approximately $190,218,000. Bamco Inc. NY purchased a new stake in The Baldwin Insurance Group in the fourth quarter worth $116,668,000. Finally, Capital International Investors bought a new position in The Baldwin Insurance Group in the fourth 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.