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

BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a report issued on Thursday, MarketBeat reports. The brokerage issued an outperform rating and a $53.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on the stock. 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 note on Friday, January 10th. Wells Fargo & Company dropped 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 report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, The Baldwin Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $44.86.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ:BWIN opened at $45.11 on Thursday. 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 1-year low of $31.47 and a 1-year high of $55.82. The stock has a market capitalization of $5.30 billion, a P/E ratio of -70.48, a P/E/G ratio of 1.17 and a beta of 1.72. The business has a 50-day moving average price of $41.29 and a two-hundred day moving average price of $44.17.

Insider Transactions at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction 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. This trade represents a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the transaction, the chief executive officer now owns 80,663 shares of the company’s stock, valued at $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock valued at $5,330,639 over the last three months. 20.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC acquired a new position in The Baldwin Insurance Group in the 3rd quarter worth $29,447,000. JPMorgan Chase & Co. raised its stake in shares of The Baldwin Insurance Group by 1,946.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,175,484 shares during the period. Peapack Gladstone Financial Corp bought a new stake in shares of The Baldwin Insurance Group in the third quarter valued at about $263,000. Confluence Investment Management LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $16,747,000. Finally, Diversified Trust Co acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at approximately $788,000. 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.