Baldwin Insurance Group (NASDAQ:BWIN) Trading Down 6.7% - Here's Why

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

Analysts Set New Price Targets

BWIN has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $45.00 target price (up from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Jefferies Financial Group increased their price target 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 dropped their price objective on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 13th. Finally, Wells Fargo & Company raised their target price on Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research note on Thursday, April 10th. 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 data from MarketBeat.com, Baldwin Insurance Group presently has an average rating of "Hold" and an average target price of $44.83.

Baldwin Insurance Group Stock Performance

The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -82.12, a price-to-earnings-growth ratio of 1.66 and a beta of 1.65. The company's 50-day simple moving average is $39.89 and its 200-day simple moving average is $40.49. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

Insider Buying and Selling

In related news, CEO Trevor Baldwin sold 58,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $38.48, for a total value of $2,231,840.00. Following the completion of the sale, the chief executive officer now owns 144,676 shares in the company, valued at approximately $5,567,132.48. This represents a 28.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lowry Baldwin sold 62,500 shares of the firm'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 transaction of $2,395,000.00. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock worth $17,731,131 in the last three months. 18.51% of the stock is currently owned by insiders.

Institutional Trading of Baldwin Insurance Group

Hedge funds have recently modified their holdings of the business. FMR LLC acquired a new position in Baldwin Insurance Group during the fourth quarter valued at $325,535,000. Vanguard Group Inc. purchased a new position in Baldwin Insurance Group during the 4th quarter valued at about $255,331,000. William Blair Investment Management LLC acquired a new position in shares of Baldwin Insurance Group in the 4th quarter valued at about $190,218,000. Bamco Inc. NY purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth approximately $116,668,000. Finally, Capital International Investors purchased a new stake in shares of Baldwin Insurance Group in the fourth quarter worth approximately $99,040,000. Hedge funds and other 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.