The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of "Moderate Buy" by Analysts

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $45.29.

A number of analysts recently issued reports on BWIN shares. Jefferies Financial Group increased their price objective on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Friday, April 11th. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a research report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 target price for the company. Keefe, Bruyette & Woods lowered their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wells Fargo & Company increased their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a research report on Thursday, April 10th.

The Baldwin Insurance Group Stock Performance

Shares of BWIN traded down $0.87 during trading hours on Friday, hitting $40.75. The company's stock had a trading volume of 579,818 shares, compared to its average volume of 557,650. The business has a 50 day simple moving average of $41.95 and a two-hundred day simple moving average of $42.91. The Baldwin Insurance Group has a 52-week low of $31.47 and a 52-week high of $55.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -63.67, a PEG ratio of 1.17 and a beta of 1.52.

Insider Activity

In related news, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the completion of the sale, the chief executive officer now directly owns 80,663 shares in the company, valued at $3,274,917.80. This represents a 46.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total value of $510,651.22. Following the completion of the transaction, the general counsel now directly owns 8,813 shares in the company, valued at $366,092.02. This trade represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,836 shares of company stock valued at $5,330,639. 20.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Baldwin Insurance Group

Several institutional investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group during 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. purchased a new stake in The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

About The 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.