Wells Fargo & Company Issues Pessimistic Forecast for The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price

The Baldwin Insurance Group (NASDAQ:BWIN - Free Report) had its price target trimmed by Wells Fargo & Company from $38.00 to $33.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other research firms have also recently issued reports on BWIN. JPMorgan Chase & Co. cut their price objective on shares of The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price target on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.50.

The Baldwin Insurance Group Trading Up 2.9 %

BWIN stock traded up $1.17 during mid-day trading on Wednesday, reaching $41.14. The company's stock had a trading volume of 670,547 shares, compared to its average volume of 493,868. The Baldwin Insurance Group has a 12 month low of $26.08 and a 12 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 business's 50 day moving average price is $39.88 and its 200 day moving average price is $44.55. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -64.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Insider Transactions at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, major shareholder Elizabeth Krystyn sold 191,307 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $45.18, for a total value of $8,643,250.26. Following the transaction, the insider now directly owns 232,570 shares in the company, valued at $10,507,512.60. The trade was a 45.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 291,906 shares of company stock worth $12,955,475 in the last 90 days. Insiders own 20.14% of the company's stock.

Institutional Trading of The Baldwin Insurance Group

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