The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Recommendation of "Hold" by Analysts

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has been given an average rating of "Hold" by the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $45.33.

BWIN has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They set an "outperform" rating and a $53.00 price target on the stock. Jefferies Financial Group lifted their price target on The 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 boosted their target price on The 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, JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th.

The Baldwin Insurance Group Stock Up 2.4%

NASDAQ:BWIN traded up $0.90 during trading hours on Thursday, hitting $38.90. 428,699 shares of the company traded hands, compared to its average volume of 556,223. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm's 50-day simple moving average is $41.53 and its 200-day simple moving average is $41.59. The Baldwin Insurance Group has a one year low of $31.47 and a one year high of $55.82. The company has a market cap of $4.61 billion, a PE ratio of -60.78, a PEG ratio of 1.17 and a beta of 1.77.

Insider Activity

In other news, CEO Trevor Baldwin sold 68,740 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the completion of the sale, the chief executive officer now owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. The trade was a 46.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Morgan Roche sold 3,572 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $40.04, for a total value of $143,022.88. Following the completion of the sale, the insider now directly owns 86,828 shares of the company's stock, valued at approximately $3,476,593.12. This trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,505 shares of company stock valued at $9,856,503. Insiders own 18.51% of the company's stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of BWIN. Elevation Wealth Partners LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at about $33,000. TD Waterhouse Canada Inc. bought a new position in The Baldwin Insurance Group during the 4th quarter valued at approximately $36,000. Assetmark Inc. bought a new position in The Baldwin Insurance Group during the 4th quarter valued at approximately $38,000. Finally, Premier Fund Managers Ltd bought a new position in The Baldwin Insurance Group during the 4th quarter valued at approximately $44,000. Institutional investors own 77.49% of the company's stock.

The 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.