Wells Fargo & Company Issues Pessimistic Forecast for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price reduced by analysts at Wells Fargo & Company from $38.00 to $33.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 17.44% from the company’s previous close.

A number of other research firms have also issued reports on BWIN. JPMorgan Chase & Co. dropped their target price on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price target on shares of 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $39.97 on Wednesday. The Baldwin Insurance Group has a 52-week low of $26.08 and a 52-week high of $55.82. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -62.45, a PEG ratio of 1.17 and a beta of 1.63. The company has a fifty day simple moving average of $39.84 and a 200-day simple moving average of $44.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the transaction, the insider now owns 232,570 shares of the company’s stock, valued at $10,507,512.60. This represents a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 20.14% of the stock is currently owned by corporate insiders.

Institutional Trading of The Baldwin Insurance Group

A number of large investors have recently made changes to their positions in BWIN. FMR LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $325,535,000. Vanguard Group Inc. acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $255,331,000. William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $190,218,000. Bamco Inc. NY acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $116,668,000. Finally, Capital International Investors acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at $99,040,000. 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.