The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price increased by Wells Fargo & Company from $33.00 to $34.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms have also recently issued reports on BWIN. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. BMO Capital Markets started 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 on the stock. Finally, 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 research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.29.

The Baldwin Insurance Group Price Performance

Shares of BWIN stock opened at $42.46 on Thursday. The Baldwin Insurance Group has a fifty-two week low of $31.47 and a fifty-two 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 firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of -66.34, a PEG ratio of 1.17 and a beta of 1.52. The stock’s 50-day simple moving average is $41.61 and its 200-day simple moving average is $43.68.

Insider Transactions at The Baldwin Insurance Group

In other news, 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 completion of the sale, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. The trade was a 58.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $625,425.66. Following the transaction, the chief executive officer now owns 13,302 shares in the company, valued at $523,167.66. This trade represents a 54.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock valued at $5,330,639 in the last 90 days. 20.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC purchased a new stake in The Baldwin Insurance Group during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $33,000. TD Waterhouse Canada Inc. acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth $36,000. Assetmark Inc. purchased a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.