The Baldwin Insurance Group's (BWIN) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of The Baldwin Insurance Group (NASDAQ:BWIN - Free Report) in a research note published on Tuesday morning, MarketBeat reports. The brokerage currently has a $45.00 price objective on the stock, up from their prior price objective of $39.00.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods dropped their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. BMO Capital Markets began coverage on The Baldwin Insurance Group in a research report on Thursday, March 27th. They set an "outperform" rating and a $53.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

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The Baldwin Insurance Group Stock Up 1.8 %

BWIN traded up $0.74 on Tuesday, reaching $42.46. The company's stock had a trading volume of 408,057 shares, compared to its average volume of 563,979. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of -66.34, a P/E/G ratio of 1.17 and a beta of 1.52. The Baldwin Insurance Group has a fifty-two week low of $31.47 and a fifty-two week 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 50 day moving average of $41.61 and a two-hundred day moving average of $43.68.

Insider Activity

In other news, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the transaction, the chief executive officer now directly owns 80,663 shares in the company, valued at $3,274,917.80. The trade was a 46.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company's stock, valued at approximately $366,092.02. The trade was a 58.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,836 shares of company stock valued at $5,330,639. Company insiders own 20.14% of the company's stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

A number of large investors have recently modified their holdings of the business. Elevation Wealth Partners LLC purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $33,000. TD Waterhouse Canada Inc. acquired a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $36,000. Assetmark Inc. purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter valued at about $38,000. Finally, Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at about $44,000. 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.