The Baldwin Insurance Group (NASDAQ:BWIN) Downgraded by Wall Street Zen to "Sell"

The Baldwin Insurance Group (NASDAQ:BWIN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on shares of The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. BMO Capital Markets assumed coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price objective for the company. Finally, Jefferies Financial Group raised their price target on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $45.33.

The Baldwin Insurance Group Stock Performance

BWIN traded up $0.58 on Friday, reaching $38.63. The company had a trading volume of 346,412 shares, compared to its average volume of 558,769. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $4.58 billion, a P/E ratio of -60.36, a P/E/G ratio of 1.17 and a beta of 1.65. The Baldwin Insurance Group has a fifty-two week low of $31.47 and a fifty-two week high of $55.82. The company's fifty day moving average is $40.62 and its 200 day moving average is $41.30.

Insider Transactions at The Baldwin Insurance Group

In other news, insider James Morgan Roche sold 21,035 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75. Following the completion of the sale, the insider now owns 117,962 shares of the company's stock, valued at approximately $4,724,378.10. This represents a 15.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 80,663 shares of the company's stock, valued at approximately $3,274,917.80. This trade represents a 46.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,449 shares of company stock valued at $10,801,336. Company insiders own 18.51% of the company's stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $10,381,000. Emerald Advisers LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $33,608,000. Principal Financial Group Inc. bought a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $2,320,000. Bamco Inc. NY bought a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $116,668,000. Finally, William Blair Investment Management LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at approximately $190,218,000. 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.

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