The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $44.86 Consensus Target Price from Analysts

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $44.86.

BWIN has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. 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. Finally, BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They set an “outperform” rating and a $53.00 price target for the company.

The Baldwin Insurance Group Trading Down 4.8 %

Shares of NASDAQ BWIN opened at $42.97 on Wednesday. The firm’s 50 day moving average price is $41.64 and its 200-day moving average price is $44.01. The Baldwin Insurance Group has a 52-week low of $31.47 and a 52-week high of $55.82. 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 company has a market cap of $5.05 billion, a PE ratio of -67.14, a P/E/G ratio of 1.17 and a beta of 1.52.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, CEO Trevor Baldwin sold 15,902 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 13,302 shares in the company, valued at approximately $523,167.66. This represents a 54.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the sale, the general counsel now owns 8,813 shares of the company’s stock, valued at $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,836 shares of company stock worth $5,330,639. 20.14% of the stock is owned by corporate insiders.

Institutional Trading of The Baldwin Insurance Group

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