Shares of Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) have earned an average rating of "Hold" from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.83.
A number of research analysts recently commented on BWIN shares. Wells Fargo & Company boosted 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. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. BMO Capital Markets cut their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 13th. 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 report on Tuesday, April 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Friday, April 11th.
Read Our Latest Analysis on BWIN
Baldwin Insurance Group Price Performance
Shares of Baldwin Insurance Group stock traded up $1.43 during trading hours on Monday, hitting $39.36. The company's stock had a trading volume of 638,183 shares, compared to its average volume of 577,380. The company has a market cap of $4.66 billion, a PE ratio of -75.69, a PEG ratio of 1.45 and a beta of 1.65. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50 day moving average price of $40.00 and a two-hundred day moving average price of $40.76. Baldwin Insurance Group has a 12-month low of $32.46 and a 12-month high of $55.82.
Insiders Place Their Bets
In other news, insider James Morgan Roche sold 7,142 shares of Baldwin Insurance Group stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $40.08, for a total value of $286,251.36. Following the transaction, the insider now owns 79,686 shares of the company's stock, valued at $3,193,814.88. The trade was a 8.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lowry Baldwin sold 62,500 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were 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. Insiders have sold 451,380 shares of company stock worth $17,731,131 in the last three months. Corporate insiders own 18.51% of the company's stock.
Institutional Trading of Baldwin Insurance Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in shares of Baldwin Insurance Group by 3.9% during the 1st quarter. Rhumbline Advisers now owns 93,160 shares of the company's stock valued at $4,163,000 after buying an additional 3,478 shares during the last quarter. Strs Ohio purchased a new position in Baldwin Insurance Group in the first quarter valued at $72,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Baldwin Insurance Group by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 189,643 shares of the company's stock worth $8,475,000 after acquiring an additional 11,768 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Baldwin Insurance Group by 3.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 379,601 shares of the company's stock valued at $16,964,000 after acquiring an additional 13,058 shares during the period. Finally, Select Equity Group L.P. raised its holdings in Baldwin Insurance Group by 377.8% in the 1st quarter. Select Equity Group L.P. now owns 161,226 shares of the company's stock worth $7,205,000 after purchasing an additional 127,485 shares during the period. Institutional investors and hedge funds own 77.49% of the company's stock.
About Baldwin Insurance Group
(
Get Free ReportThe 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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