Brokerages Set The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Target Price at $44.86

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $44.86.

BWIN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on The Baldwin Insurance Group from $46.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company reduced their price target on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating for the company in a research report on Wednesday, February 26th. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target for the company. Finally, Keefe, Bruyette & Woods cut their price objective on shares of 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.

Insider Activity at The Baldwin Insurance Group

In related news, Director Lowry Baldwin sold 34,901 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total value of $1,403,718.22. Following the sale, the director now directly owns 90,099 shares in the company, valued at $3,623,781.78. The trade was a 27.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $39.33, for a total transaction of $625,425.66. Following the sale, the chief executive officer now owns 13,302 shares of the company's stock, valued at $523,167.66. The trade was a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,836 shares of company stock valued at $5,330,639 over the last 90 days. 20.14% of the stock is currently owned by corporate insiders.

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Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BWIN. Wealth Enhancement Advisory Services LLC acquired a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $5,115,000. JPMorgan Chase & Co. increased its stake in The Baldwin Insurance Group by 1,946.7% in 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. Diversified Trust Co acquired a new stake in The Baldwin Insurance Group during the 4th quarter worth about $788,000. Principal Financial Group Inc. purchased a new stake in The Baldwin Insurance Group during the fourth quarter valued at about $2,320,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of The Baldwin Insurance Group in the fourth quarter worth about $2,000,000. Institutional investors own 77.49% of the company's stock.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded down $0.95 during mid-day trading on Wednesday, hitting $45.15. The stock had a trading volume of 852,121 shares, compared to its average volume of 556,327. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The company has a 50 day simple moving average of $41.51 and a 200-day simple moving average of $44.12. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of -70.55, a P/E/G ratio of 1.17 and a beta of 1.72. The Baldwin Insurance Group has a 52 week low of $31.47 and a 52 week high of $55.82.

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.