The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $45.50 Average Price Target from Analysts

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $45.50.

A number of research firms have issued reports on BWIN. William Blair raised shares of The Baldwin Insurance Group from a "market perform" rating to an "outperform" rating in a report on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced 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.

Insider Activity at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm's 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 document filed with the SEC, which is available at this link. 20.14% of the stock is owned by company insiders.

Institutional Trading of The Baldwin Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWIN. FMR LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter valued at $325,535,000. Vanguard Group Inc. acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $255,331,000. William Blair Investment Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $190,218,000. Capital International Investors acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $99,040,000. Finally, Capital Research Global Investors acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $87,572,000. Institutional investors and hedge funds own 77.49% of the company's stock.

The Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN traded up $0.09 during midday trading on Tuesday, reaching $41.69. The company had a trading volume of 541,995 shares, compared to its average volume of 484,733. The business's 50-day simple moving average is $40.18 and its 200 day simple moving average is $44.69. The stock has a market cap of $4.90 billion, a P/E ratio of -65.14, a P/E/G ratio of 1.19 and a beta of 1.63. The Baldwin Insurance Group has a 1 year low of $25.50 and a 1 year high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

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.