The Baldwin Insurance Group (NASDAQ:BWIN) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $53.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reduced their price objective 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 The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. One 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 to the company. According to MarketBeat, The Baldwin Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $44.86.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $46.05 on Thursday. The stock has a market cap of $5.42 billion, a PE ratio of -71.95, a P/E/G ratio of 1.17 and a beta of 1.72. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50-day moving average of $41.22 and a 200-day moving average of $44.18. The Baldwin Insurance Group has a 52-week low of $31.47 and a 52-week high of $55.82.

Insider Buying and Selling

In related news, CEO Trevor Baldwin sold 15,902 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $39.33, for a total transaction of $625,425.66. Following the sale, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lowry Baldwin sold 34,901 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the transaction, the director now owns 90,099 shares of the company’s stock, valued at approximately $3,623,781.78. This represents a 27.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock valued at $5,330,639 over the last 90 days. 20.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Baldwin Insurance Group

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