Short Interest in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Increases By 9.1%

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 4,190,000 shares, an increase of 9.1% from the January 15th total of 3,840,000 shares. Based on an average trading volume of 543,200 shares, the short-interest ratio is presently 7.7 days. Currently, 6.3% of the company's stock are short sold.

The Baldwin Insurance Group Stock Performance

BWIN traded down $0.56 on Thursday, reaching $40.29. The company had a trading volume of 379,853 shares, compared to its average volume of 472,777. The stock has a 50-day moving average price of $39.90 and a 200-day moving average price of $44.62. The Baldwin Insurance Group has a 1 year low of $26.08 and a 1 year high of $55.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $4.74 billion, a PE ratio of -62.95, a P/E/G ratio of 1.19 and a beta of 1.63.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their price target on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.50.

Insiders Place Their Bets

In other news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction on Wednesday, December 11th. The shares were 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 through the SEC website. Insiders own 20.14% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $32,000. Nisa Investment Advisors LLC acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $33,000. TD Waterhouse Canada Inc. acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $36,000. Assetmark Inc. acquired a new position in shares of The Baldwin Insurance Group during the fourth quarter worth about $38,000. Finally, Premier Fund Managers Ltd acquired a new position in The Baldwin Insurance Group during the fourth quarter worth about $44,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.