Baldwin Insurance Group (NASDAQ:BWIN) Downgraded 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 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.

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

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.