The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of "Moderate Buy" by Brokerages

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $43.50.

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. cut their target price 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. Finally, Wells Fargo & Company lowered their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a report on Wednesday, February 26th.

The Baldwin Insurance Group Stock Up 1.6 %

Shares of NASDAQ:BWIN traded up $0.61 during trading hours on Friday, reaching $39.20. The stock had a trading volume of 530,717 shares, compared to its average volume of 515,372. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of -61.25, a P/E/G ratio of 1.17 and a beta of 1.72. The firm's 50 day moving average is $39.93 and its 200-day moving average is $44.49. The Baldwin Insurance Group has a 1 year low of $26.08 and a 1 year 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.

Remove Ads

Insider Buying and Selling

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were 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 of the company's stock, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lowry Baldwin sold 34,901 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $40.22, for a total transaction of $1,403,718.22. Following the sale, the director now owns 90,099 shares of the company's stock, valued at $3,623,781.78. This trade represents a 27.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 326,807 shares of company stock worth $14,359,193 in the last quarter. 20.14% of the stock is owned by insiders.

Institutional Trading of The Baldwin Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWIN. FMR LLC acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $325,535,000. Vanguard Group Inc. purchased a new position in The Baldwin Insurance Group in the 4th quarter valued at $255,331,000. William Blair Investment Management LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at $190,218,000. Bamco Inc. NY purchased a new position in The Baldwin Insurance Group during the 4th quarter worth $116,668,000. Finally, Capital International Investors acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth $99,040,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

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.