Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of "Hold" by Analysts

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $45.17.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Baldwin Insurance Group from $34.00 to $36.00 and gave the company an "underweight" rating in a research report on Thursday. BMO Capital Markets cut 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. Jefferies Financial Group upped their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Monday.

Insider Transactions 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 sale, the chief executive officer directly owned 27,676 shares of the company's stock, valued at $1,102,335.08. The trade was a 80.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Seth Bala Cohen sold 4,496 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total transaction of $177,951.68. Following the completion of the sale, the general counsel owned 13,240 shares of the company's stock, valued at $524,039.20. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 451,380 shares of company stock worth $17,731,131. 18.51% of the stock is currently owned by insiders.

Institutional Trading of Baldwin Insurance Group

Several hedge funds have recently modified their holdings of BWIN. FMR LLC bought a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $325,535,000. Vanguard Group Inc. bought a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $255,331,000. William Blair Investment Management LLC bought a new stake in Baldwin Insurance Group during the 4th quarter worth approximately $190,218,000. T. Rowe Price Investment Management Inc. grew its holdings in Baldwin Insurance Group by 62.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,232,521 shares of the company's stock worth $144,462,000 after acquiring an additional 1,238,650 shares during the last quarter. Finally, Bamco Inc. NY bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at $116,668,000. 77.49% of the stock is owned by institutional investors.

Baldwin Insurance Group Trading Up 2.7%

NASDAQ:BWIN opened at $41.24 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13. Baldwin Insurance Group has a one year low of $34.22 and a one year high of $55.82. The firm has a market capitalization of $4.89 billion, a P/E ratio of -79.31, a PEG ratio of 1.56 and a beta of 1.64. The company's 50-day simple moving average is $39.68 and its 200 day simple moving average is $40.51.

About 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.

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