Wall Street Zen downgraded shares of Baldwin Insurance Group (NASDAQ:BWIN - Free Report) from a hold rating to a sell rating in a report published on Monday.
BWIN has been the topic of several other reports. Jefferies Financial Group raised their price target 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their target price on Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Thursday, April 10th. Finally, BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Baldwin Insurance Group has a consensus rating of "Hold" and a consensus target price of $44.83.
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Baldwin Insurance Group Stock Performance
Shares of NASDAQ:BWIN traded down $0.31 during midday trading on Monday, hitting $39.53. The company's stock had a trading volume of 710,086 shares, compared to its average volume of 603,646. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -76.02, a PEG ratio of 1.57 and a beta of 1.64. The stock's 50 day simple moving average is $39.76 and its 200 day simple moving average is $40.52. Baldwin Insurance Group has a fifty-two week low of $34.22 and a fifty-two week high of $55.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13.
Insider Activity
In related news, insider James Morgan Roche sold 26,679 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the transaction, the insider owned 42,113 shares in the company, valued at $1,687,467.91. The trade was a 38.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Trevor Baldwin sold 117,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the transaction, the chief executive officer owned 27,676 shares of the company's stock, valued at $1,102,335.08. This trade represents a 80.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 451,380 shares of company stock worth $17,731,131. Insiders own 18.51% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BWIN. KBC Group NV grew its holdings in Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after acquiring an additional 396 shares during the period. US Bancorp DE grew its holdings in shares of Baldwin Insurance Group by 6.5% in the 1st quarter. US Bancorp DE now owns 7,337 shares of the company's stock valued at $328,000 after buying an additional 450 shares during the period. Toth Financial Advisory Corp grew its holdings in shares of Baldwin Insurance Group by 3.3% in the 1st quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company's stock valued at $775,000 after buying an additional 550 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Baldwin Insurance Group by 5.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company's stock valued at $582,000 after buying an additional 700 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Baldwin Insurance Group by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock valued at $495,000 after buying an additional 700 shares during the period. Institutional investors own 77.49% of the company's stock.
Baldwin Insurance Group Company Profile
(
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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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