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

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has earned an average recommendation of "Hold" from the seven analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $45.17.

Several research firms recently issued reports on BWIN. Wells Fargo & Company upped their price objective on Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research report on Thursday. Wall Street Zen cut Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Jefferies Financial Group upped their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, BMO Capital Markets lowered their price objective 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.

Baldwin Insurance Group Stock Up 1.3%

Shares of BWIN traded up $0.51 during mid-day trading on Friday, reaching $41.27. The company had a trading volume of 526,506 shares, compared to its average volume of 605,664. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day moving average price of $39.67 and a 200 day moving average price of $40.55. Baldwin Insurance Group has a 52 week low of $34.22 and a 52 week high of $55.82. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of -79.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, CEO Trevor Baldwin sold 117,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the sale, the chief executive officer directly owned 27,676 shares in the company, valued at approximately $1,102,335.08. The trade was a 80.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lowry Baldwin sold 50,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $38.98, for a total transaction of $1,949,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 451,380 shares of company stock valued at $17,731,131 in the last quarter. 18.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC purchased a new stake in shares of Baldwin Insurance Group in the 2nd quarter worth $227,000. Diversified Trust Co increased its stake in shares of Baldwin Insurance Group by 14.9% in the 2nd quarter. Diversified Trust Co now owns 31,651 shares of the company's stock worth $1,355,000 after purchasing an additional 4,109 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Baldwin Insurance Group by 50.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 164,778 shares of the company's stock worth $6,662,000 after purchasing an additional 55,326 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Baldwin Insurance Group by 14.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 111,765 shares of the company's stock worth $4,785,000 after purchasing an additional 13,987 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Baldwin Insurance Group by 3.9% in the 1st quarter. Rhumbline Advisers now owns 93,160 shares of the company's stock worth $4,163,000 after purchasing an additional 3,478 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

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.