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 research report sent to investors on Monday morning.

A number of other brokerages have also issued reports on BWIN. Jefferies Financial Group lifted their target price 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. Wells Fargo & Company lifted their target price 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, BMO Capital Markets dropped 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $45.17.

Baldwin Insurance Group Stock Up 2.7%

Shares of NASDAQ BWIN traded up $1.07 during mid-day trading on Monday, reaching $41.24. 400,912 shares of the company's stock were exchanged, compared to its average volume of 606,390. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of -79.31, a PEG ratio of 1.56 and a beta of 1.64. 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 business has a fifty day simple moving average of $39.68 and a 200 day simple moving average of $40.51. Baldwin Insurance Group has a twelve month low of $34.22 and a twelve month high of $55.82.

Insider Transactions at Baldwin Insurance Group

In related news, 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 value of $4,660,110.00. Following the completion of the sale, the chief executive officer owned 27,676 shares in the company, valued at $1,102,335.08. The trade was a 80.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 451,380 shares of company stock worth $17,731,131. 18.51% of the stock is owned by company insiders.

Institutional Trading of Baldwin Insurance Group

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Baldwin Insurance Group by 50.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 164,778 shares of the company's stock valued at $6,662,000 after purchasing an additional 55,326 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Baldwin Insurance Group by 14.3% in the second quarter. Harbor Capital Advisors Inc. now owns 111,765 shares of the company's stock valued at $4,785,000 after purchasing an additional 13,987 shares during the last quarter. Rhumbline Advisers lifted its position in Baldwin Insurance Group by 3.9% in the first quarter. Rhumbline Advisers now owns 93,160 shares of the company's stock valued at $4,163,000 after purchasing an additional 3,478 shares during the last quarter. Strs Ohio bought a new stake in Baldwin Insurance Group in the first quarter valued at approximately $72,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Baldwin Insurance Group by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company's stock valued at $8,475,000 after purchasing an additional 11,768 shares during the last quarter. Institutional investors 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.