The Baldwin Insurance Group (NASDAQ:BWIN) Given New $50.00 Price Target at BMO Capital Markets

The Baldwin Insurance Group (NASDAQ:BWIN - Free Report) had its price target decreased by BMO Capital Markets from $51.00 to $50.00 in a research note released on Friday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts have also commented on the company. Wells Fargo & Company raised their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the company an "underweight" rating in a report on Thursday, April 10th. Jefferies Financial Group lifted their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wall Street Zen cut shares of The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $44.83.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock traded down $0.41 during trading hours on Friday, reaching $38.71. The stock had a trading volume of 681,362 shares, compared to its average volume of 578,683. The Baldwin Insurance Group has a twelve month low of $32.46 and a twelve month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $4.59 billion, a PE ratio of -60.48, a PEG ratio of 1.17 and a beta of 1.65. The stock's 50 day moving average is $40.14 and its 200 day moving average is $40.86.

Insider Buying and Selling

In related news, General Counsel Seth Bala Cohen sold 4,496 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $39.58, for a total value of $177,951.68. Following the completion of the sale, the general counsel now owns 13,240 shares of the company's stock, valued at approximately $524,039.20. This trade represents a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Morgan Roche sold 26,679 shares of The Baldwin Insurance Group stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $40.07, for a total value of $1,069,027.53. Following the transaction, the insider now owns 42,113 shares in the company, valued at approximately $1,687,467.91. The trade was a 38.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 451,380 shares of company stock worth $17,731,131. 18.51% of the stock is owned by insiders.

Institutional Trading of The Baldwin Insurance Group

Several large investors have recently added to or reduced their stakes in BWIN. Rhumbline Advisers purchased a new position in shares of The Baldwin Insurance Group during the 4th quarter worth $3,476,000. Pathway Financial Advisors LLC purchased a new position in The Baldwin Insurance Group during the fourth quarter worth about $4,469,000. State of New Jersey Common Pension Fund D acquired a new position in The Baldwin Insurance Group in the 4th quarter valued at about $1,840,000. Principal Financial Group Inc. purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $2,320,000. Finally, Truist Financial Corp purchased a new stake in shares of The Baldwin Insurance Group in the 4th quarter valued at approximately $397,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

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.