The Baldwin Insurance Group (NASDAQ:BWIN) Coverage Initiated by Analysts at BMO Capital Markets

Equities research analysts at BMO Capital Markets started coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set an "outperform" rating and a $53.00 price target on the stock. BMO Capital Markets' price objective suggests a potential upside of 17.50% from the company's current price.

Several other analysts have also commented on BWIN. JPMorgan Chase & Co. dropped their price objective 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. Keefe, Bruyette & Woods dropped their price target 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. Finally, Wells Fargo & Company reduced their price objective on shares of 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 analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.86.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock traded down $0.01 during trading hours on Thursday, reaching $45.11. The stock had a trading volume of 160,047 shares, compared to its average volume of 551,984. The Baldwin Insurance Group has a twelve month low of $31.47 and a twelve month 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. The firm has a market capitalization of $5.30 billion, a PE ratio of -70.32, a PEG ratio of 1.17 and a beta of 1.72. The stock's 50 day moving average is $41.29 and its 200 day moving average is $44.15.

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Insider Buying and Selling at The Baldwin Insurance Group

In related news, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. This trade represents a 46.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction, the general counsel now owns 8,813 shares in the company, 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. In the last quarter, insiders sold 131,836 shares of company stock worth $5,330,639. Insiders own 20.14% of the company's stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of BWIN. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC acquired a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $33,000. TD Waterhouse Canada Inc. purchased a new position in The Baldwin Insurance Group in the fourth quarter worth approximately $36,000. Assetmark Inc. acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in The Baldwin Insurance Group in the fourth quarter valued at $44,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.