The Baldwin Insurance Group (NASDAQ:BWIN) Price Target Cut to $39.00 by Analysts at JPMorgan Chase & Co.

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $46.00 to $39.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 5.20% from the stock's previous close.

Several other brokerages have also weighed in on BWIN. Keefe, Bruyette & Woods dropped their target price on 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. Wells Fargo & Company dropped their target price on The Baldwin Insurance Group from $38.00 to $33.00 and set an "underweight" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has 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.com, The Baldwin Insurance Group has a consensus rating of "Moderate Buy" and an average price target of $43.50.

The Baldwin Insurance Group Stock Up 2.9 %

The Baldwin Insurance Group stock traded up $1.17 during mid-day trading on Wednesday, hitting $41.14. The company's stock had a trading volume of 670,547 shares, compared to its average volume of 493,868. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The Baldwin Insurance Group has a 52-week low of $26.08 and a 52-week high of $55.82. The firm's 50 day moving average is $39.88 and its 200 day moving average is $44.58. The company has a market cap of $4.84 billion, a PE ratio of -64.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Insider Activity

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 88,306 shares of The Baldwin Insurance Group stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares in the company, valued at approximately $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 291,906 shares of company stock valued at $12,955,475. Insiders own 20.14% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC bought a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $33,000. TD Waterhouse Canada Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $36,000. Assetmark Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Finally, Premier Fund Managers Ltd bought a new position in The Baldwin Insurance Group in the 4th quarter worth approximately $44,000. 77.49% of the stock is owned by institutional investors.

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.