The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Lowered to $33.00 at Wells Fargo & Company

The Baldwin Insurance Group (NASDAQ:BWIN) had its price objective decreased by Wells Fargo & Company from $38.00 to $33.00 in a research report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

A number of other research firms have also weighed in on BWIN. 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 research report on Friday, January 10th. JPMorgan Chase & Co. cut their price target on 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

The Baldwin Insurance Group Price Performance

Shares of BWIN opened at $40.61 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The Baldwin Insurance Group has a fifty-two week low of $26.08 and a fifty-two week high of $55.82. The company has a market cap of $4.78 billion, a P/E ratio of -63.45, a PEG ratio of 1.17 and a beta of 1.63. The firm’s 50 day moving average price is $39.81 and its 200 day moving average price is $44.61.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.14% of the stock is owned by insiders.

Institutional Trading of The Baldwin Insurance Group

Institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at $33,000. TD Waterhouse Canada Inc. purchased a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $36,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth about $44,000. 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.