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.
View Our Latest Stock Report on BWIN
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
(
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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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