BMO Capital Markets Initiates Coverage on The Baldwin Insurance Group (NASDAQ:BWIN)

BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a research note issued on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $53.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 17.49% from the company’s previous close.

A number of other equities analysts have also recently commented on 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 report on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.86.

The Baldwin Insurance Group Stock Down 2.0 %

Shares of BWIN opened at $45.11 on Thursday. The company’s 50-day moving average price is $41.29 and its 200 day moving average price is $44.17. The Baldwin Insurance Group has a 12-month low of $31.47 and a 12-month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market cap of $5.30 billion, a P/E ratio of -70.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.72.

Insider Activity

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares of the company’s stock, valued at approximately $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the company’s stock in a transaction 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 transaction, the general counsel now owns 8,813 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

Hedge Funds Weigh In On The Baldwin Insurance Group

Hedge funds have recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $325,535,000. Vanguard Group Inc. acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth $255,331,000. William Blair Investment Management LLC purchased 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 in the fourth quarter valued at $116,668,000. Finally, Capital International Investors purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $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.