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

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

Several other brokerages also recently weighed in on BWIN. JPMorgan Chase & Co. restated a "neutral" rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Jefferies Financial Group increased their target price on 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. Wells Fargo & Company upped their price target 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. Finally, Wall Street Zen cut The Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $44.83.

The Baldwin Insurance Group Stock Performance

NASDAQ:BWIN traded down $0.25 during mid-day trading on Friday, hitting $39.12. 675,686 shares of the company's stock traded hands, compared to its average volume of 572,677. The firm has a 50 day moving average of $40.13 and a two-hundred day moving average of $41.04. The Baldwin Insurance Group has a 12 month low of $31.47 and a 12 month high of $55.82. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of -61.13, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, insider James Morgan Roche sold 26,679 shares of the company's stock in a transaction 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 sale, the insider now directly owns 42,113 shares in the company, valued at $1,687,467.91. This represents a 38.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the company's stock in a transaction on 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 sold a total of 451,380 shares of company stock valued at $17,731,131 in the last quarter. Corporate insiders own 18.51% of the company's stock.

Institutional Trading of The Baldwin Insurance Group

Large investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at $36,000. Assetmark Inc. bought a new stake in The Baldwin Insurance Group in the fourth quarter valued at $38,000. Premier Fund Managers Ltd bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $44,000. First Horizon Advisors Inc. bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $55,000. Finally, Parkside Financial Bank & Trust bought a new stake in shares of The Baldwin Insurance Group during the fourth quarter worth $59,000. 77.49% of the stock is currently owned by institutional investors.

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.