The Baldwin Insurance Group (NASDAQ:BWIN) Trading Down 5% - What's Next?

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) shares dropped 5% during trading on Friday . The company traded as low as $41.29 and last traded at $40.93. Approximately 15,815 shares changed hands during trading, a decline of 97% from the average daily volume of 555,665 shares. The stock had previously closed at $43.07.

Wall Street Analysts Forecast Growth

BWIN has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company increased their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Keefe, Bruyette & Woods reduced 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. BMO Capital Markets initiated 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, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, The Baldwin Insurance Group has a consensus rating of "Moderate Buy" and an average target price of $45.29.

The Baldwin Insurance Group Trading Up 0.6 %

The business has a fifty day moving average price of $41.84 and a 200 day moving average price of $43.01. The company has a market capitalization of $4.97 billion, a PE ratio of -65.98, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98.

Insider Transactions at The Baldwin Insurance Group

In other news, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction dated 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 directly owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Trevor Baldwin sold 15,902 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $39.33, for a total value of $625,425.66. Following the completion of the transaction, the chief executive officer now owns 13,302 shares in the company, valued at approximately $523,167.66. This trade represents a 54.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,836 shares of company stock worth $5,330,639 in the last three months. 20.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in shares of The Baldwin Insurance Group by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 62,405 shares of the company's stock valued at $2,789,000 after buying an additional 2,546 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of The Baldwin Insurance Group during the 1st quarter valued at about $441,000. Peregrine Capital Management LLC raised its holdings in shares of The Baldwin Insurance Group by 3.1% during the 1st quarter. Peregrine Capital Management LLC now owns 429,484 shares of the company's stock valued at $19,194,000 after buying an additional 12,908 shares during the period. KBC Group NV raised its holdings in shares of The Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after buying an additional 396 shares during the period. Finally, Diversified Trust Co raised its holdings in shares of The Baldwin Insurance Group by 35.4% during the 1st quarter. Diversified Trust Co now owns 27,542 shares of the company's stock valued at $1,231,000 after buying an additional 7,206 shares during the period. 77.49% of the stock is currently 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.