JPMorgan Chase & Co. Reaffirms Neutral Rating for The Baldwin Insurance Group (NASDAQ:BWIN)

The Baldwin Insurance Group (NASDAQ:BWIN)‘s stock had its “neutral” rating reissued by equities researchers at JPMorgan Chase & Co. in a report released on Tuesday, MarketBeat reports. They presently have a $45.00 price objective on the stock, up from their previous price objective of $39.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 6.03% from the stock’s previous close.

BWIN has been the topic of several other research reports. BMO Capital Markets started coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an “outperform” rating and a $53.00 price objective on the stock. Wells Fargo & Company dropped their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods dropped their target price 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.71.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $42.44 on Tuesday. The business’s 50-day simple moving average is $41.57 and its 200 day simple moving average is $43.78. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of -66.31, a P/E/G ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group has a 12-month low of $31.47 and a 12-month high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Activity at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the completion of the sale, the chief executive officer now directly owns 80,663 shares in the company, valued at $3,274,917.80. This represents a 46.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company’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 value of $510,651.22. Following the transaction, the general counsel now directly owns 8,813 shares of the company’s stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by company insiders.

Institutional Trading of The Baldwin Insurance Group

Several institutional investors have recently added to or reduced their stakes in BWIN. Rhumbline Advisers raised its holdings in The Baldwin Insurance Group by 3.9% in the 1st quarter. Rhumbline Advisers now owns 93,160 shares of the company’s stock worth $4,163,000 after purchasing an additional 3,478 shares during the period. GAMMA Investing LLC boosted its holdings in shares of The Baldwin Insurance Group by 10,061.5% in the first quarter. GAMMA Investing LLC now owns 18,189 shares of the company’s stock valued at $813,000 after purchasing an additional 18,010 shares during the period. Moody National Bank Trust Division purchased a new stake in shares of The Baldwin Insurance Group in the first quarter valued at approximately $245,000. California State Teachers Retirement System bought a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $2,419,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth $4,920,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

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.