Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives $44.83 Average Target Price from Analysts

Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) have received a consensus recommendation of "Hold" from the seven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.83.

A number of brokerages have weighed in on BWIN. BMO Capital Markets decreased their price objective on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Wall Street Zen lowered Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Wells Fargo & Company lifted their price target on Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an "underweight" rating in a report on Thursday, April 10th. Jefferies Financial Group lifted their price target on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $45.00 price target (up previously from $39.00) on shares of Baldwin Insurance Group in a report on Tuesday, April 8th.

Baldwin Insurance Group Price Performance

BWIN stock traded up $1.43 during midday trading on Monday, reaching $39.36. The stock had a trading volume of 638,183 shares, compared to its average volume of 577,380. The company's fifty day simple moving average is $40.06 and its 200 day simple moving average is $40.77. 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 $4.66 billion, a price-to-earnings ratio of -75.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.65. Baldwin Insurance Group has a 52-week low of $32.46 and a 52-week high of $55.82.

Insider Transactions at Baldwin Insurance Group

In related news, insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $39.00, for a total value of $2,437,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 451,380 shares of company stock worth $17,731,131 in the last quarter. Company insiders own 18.51% of the company's stock.

Institutional Trading of Baldwin Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth about $36,000. Assetmark Inc. acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth about $38,000. Premier Fund Managers Ltd acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth about $44,000. First Horizon Advisors Inc. acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth about $55,000. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of Baldwin Insurance Group during the 4th quarter worth about $59,000. 77.49% of the stock is owned by institutional investors and hedge funds.

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.