Baldwin Insurance Group (NASDAQ:BWIN) Trading Down 6.7% - What's Next?

Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report)'s stock price was down 6.7% on Wednesday . The stock traded as low as $41.75 and last traded at $41.55. Approximately 1,073,179 shares were traded during trading, an increase of 81% from the average daily volume of 593,431 shares. The stock had previously closed at $44.54.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BWIN. Wells Fargo & Company boosted their price target on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, April 10th. Jefferies Financial Group upped their target price on shares of 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. restated a "neutral" rating and issued a $45.00 price target (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, June 13th. Finally, Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Saturday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $44.83.

Baldwin Insurance Group Stock Down 6.7%

The firm's 50 day simple moving average is $39.90 and its 200-day simple 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 stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of -79.92, a price-to-earnings-growth ratio of 1.62 and a beta of 1.66.

Insider Buying and Selling

In related news, insider James Morgan Roche sold 26,679 shares of Baldwin Insurance Group stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $40.07, for a total transaction of $1,069,027.53. Following the completion of the sale, the insider now directly owns 42,113 shares of the company's stock, valued at approximately $1,687,467.91. This trade represents a 38.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Trevor Baldwin sold 117,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the sale, the chief executive officer now directly owns 27,676 shares of the company's stock, valued at $1,102,335.08. This 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. Company insiders own 20.14% of the company's stock.

Institutional Investors Weigh In On Baldwin Insurance Group

A number of large investors have recently added to or reduced their stakes in BWIN. FMR LLC bought a new stake in shares of Baldwin Insurance Group during the 4th quarter valued at $325,535,000. Vanguard Group Inc. acquired a new position in Baldwin Insurance Group in the fourth quarter valued at about $255,331,000. William Blair Investment Management LLC bought a new stake in Baldwin Insurance Group during the fourth quarter worth about $190,218,000. Bamco Inc. NY acquired a new stake in Baldwin Insurance Group during the fourth quarter worth about $116,668,000. Finally, Capital International Investors bought a new position in Baldwin Insurance Group in the 4th quarter valued at about $99,040,000. 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.

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