Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has received a consensus rating of "Hold" from seven brokerages, with one sell, two hold, and four buy ratings.
• The average one-year target price for Baldwin Insurance Group shares is $45.17, reflecting varied analyst opinions regarding the stock's performance.
• Insiders have sold a total of 451,380 shares worth approximately $17.73 million in the last ninety days, indicating significant selling activity among company executives.

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $45.1667.

BWIN has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company increased their target price on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of Baldwin Insurance Group in a research note on Tuesday, April 8th. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Finally, BMO Capital Markets decreased their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 50,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $38.98, for a total transaction of $1,949,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Morgan Roche sold 26,679 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the sale, the insider directly owned 42,113 shares of the company's stock, valued at approximately $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock worth $17,731,131 in the last ninety days. Insiders own 18.51% of the company's stock.

Hedge Funds Weigh In On Baldwin Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWIN. American Century Companies Inc. acquired a new stake in Baldwin Insurance Group in the fourth quarter valued at approximately $2,644,000. LPL Financial LLC acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter worth $2,730,000. Prudential Financial Inc. bought a new position in shares of Baldwin Insurance Group during the 4th quarter worth about $178,000. Pictet Asset Management Holding SA acquired a new position in Baldwin Insurance Group in the 4th quarter valued at approximately $332,000. Finally, Alliancebernstein L.P. bought a new position in Baldwin Insurance Group in the fourth quarter worth $3,186,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Baldwin Insurance Group Stock Performance

Shares of BWIN stock opened at $36.01 on Tuesday. Baldwin Insurance Group has a 52-week low of $34.22 and a 52-week high of $55.82. The stock's 50-day moving average price is $39.95 and its 200 day moving average price is $40.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $4.27 billion, a PE ratio of -69.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.66.

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.

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