The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Lowered to $46.00 at JPMorgan Chase & Co.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) had its target price decreased by research analysts at JPMorgan Chase & Co. from $47.00 to $46.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 20.61% from the company's current price.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group increased their target price on The Baldwin Insurance Group from $38.00 to $46.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. William Blair upgraded The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $41.00 target price (down previously from $43.00) on shares of The Baldwin Insurance Group in a research report on Wednesday, December 11th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.50.

The Baldwin Insurance Group Stock Performance

BWIN stock traded up $0.87 during midday trading on Friday, reaching $38.14. 735,413 shares of the company were exchanged, compared to its average volume of 684,807. The Baldwin Insurance Group has a one year low of $21.70 and a one year high of $55.82. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -59.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The business has a 50-day moving average price of $44.09 and a two-hundred day moving average price of $44.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The company had revenue of $339.90 million for the quarter, compared to analyst estimates of $346.43 million. The Baldwin Insurance Group had a positive return on equity of 10.57% and a negative net margin of 2.89%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. Equities research analysts forecast that The Baldwin Insurance Group will post 1.01 EPS for the current year.

Insider Activity at The Baldwin Insurance Group

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total transaction of $3,801,573.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BWIN. Lord Abbett & CO. LLC bought a new position in shares of The Baldwin Insurance Group in the third quarter worth about $29,447,000. JPMorgan Chase & Co. increased its position in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company's stock worth $61,546,000 after purchasing an additional 1,175,484 shares in the last quarter. Peapack Gladstone Financial Corp bought a new position in The Baldwin Insurance Group in the 3rd quarter valued at approximately $263,000. Finally, Confluence Investment Management LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter valued at approximately $16,747,000. Institutional investors 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.