The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $45.50.

A number of brokerages have issued reports on BWIN. Wells Fargo & Company dropped their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. William Blair raised The Baldwin Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods dropped their price target 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.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the business. William Blair Investment Management LLC purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter valued at $190,218,000. JPMorgan Chase & Co. boosted its holdings in shares of The Baldwin Insurance Group by 1,946.7% during the third quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after purchasing an additional 1,175,484 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter valued at $37,091,000. Lord Abbett & CO. LLC purchased a new position in The Baldwin Insurance Group in the third quarter valued at about $29,447,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $21,623,000. 77.49% of the stock is owned by institutional investors and hedge funds.

The Baldwin Insurance Group Trading Down 1.4 %

NASDAQ:BWIN opened at $41.65 on Tuesday. The firm has a market cap of $4.90 billion, a P/E ratio of -65.08, a PEG ratio of 1.19 and a beta of 1.63. 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 Baldwin Insurance Group has a 12-month low of $23.56 and a 12-month high of $55.82. The stock’s 50 day simple moving average is $40.78 and its 200-day simple moving average is $44.77.

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.