Baldwin Insurance Group (NASDAQ:BWIN) Lowered to "Sell" Rating by Wall Street Zen

Wall Street Zen downgraded shares of Baldwin Insurance Group (NASDAQ:BWIN - Free Report) from a hold rating to a sell rating in a report issued on Monday morning.

Several other research firms also recently weighed in on BWIN. JPMorgan Chase & Co. reissued a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Jefferies Financial Group lifted their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. BMO Capital Markets lowered their price target 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. Finally, Wells Fargo & Company boosted their price objective on Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th. Two 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's stock. According to data from MarketBeat.com, Baldwin Insurance Group has a consensus rating of "Hold" and a consensus target price of $44.83.

Baldwin Insurance Group Stock Down 1.5%

Shares of BWIN stock traded down $0.59 during trading hours on Monday, reaching $39.84. 629,036 shares of the company's stock were exchanged, compared to its average volume of 621,960. Baldwin Insurance Group has a fifty-two week low of $34.22 and a fifty-two week high of $55.82. The stock's 50 day moving average is $39.81 and its 200-day moving average is $40.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. The company has a market cap of $4.72 billion, a price-to-earnings ratio of -76.62, a P/E/G ratio of 1.57 and a beta of 1.64.

Insider Buying and Selling at Baldwin Insurance Group

In other Baldwin Insurance Group news, Director Lowry Baldwin sold 62,500 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $38.32, for a total value of $2,395,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Trevor Baldwin sold 117,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total value of $4,660,110.00. Following the completion of 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 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 over the last three months. Insiders own 20.14% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Assetmark Inc. purchased a new stake in shares of Baldwin Insurance Group during the 4th quarter worth $38,000. Premier Fund Managers Ltd purchased a new stake in shares of Baldwin Insurance Group during the 4th quarter worth $44,000. Johnson Financial Group Inc. acquired a new position in shares of Baldwin Insurance Group during the 4th quarter worth $63,000. Finally, Strs Ohio purchased a new position in shares of Baldwin Insurance Group in the 1st quarter valued at about $72,000. Institutional investors and hedge funds own 77.49% of the company's stock.

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.