The Baldwin Insurance Group (NASDAQ:BWIN) Shares Down 5% - Should You Sell?

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) shares fell 5% on Friday . The company traded as low as $41.29 and last traded at $40.93. 15,815 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 555,665 shares. The stock had previously closed at $43.07.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BWIN shares. Wells Fargo & Company increased their target price 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. JPMorgan Chase & Co. reissued 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 report on Tuesday, April 8th. BMO Capital Markets began coverage on The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an "outperform" rating and a $53.00 price target for the company. Keefe, Bruyette & Woods cut their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Finally, Jefferies Financial Group upped their target price on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, The Baldwin Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $45.29.

The Baldwin Insurance Group Stock Performance

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 stock has a market cap of $4.89 billion, a price-to-earnings ratio of -64.95, a PEG ratio of 1.17 and a beta of 1.52. The stock's 50 day moving average is $41.88 and its two-hundred day moving average is $43.00.

Insider Activity at The Baldwin Insurance Group

In other The Baldwin Insurance Group news, Director Lowry Baldwin sold 34,901 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $40.22, for a total value of $1,403,718.22. Following the transaction, the director now directly owns 90,099 shares of the company's stock, valued at approximately $3,623,781.78. The trade was a 27.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Seth Bala Cohen sold 12,293 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company's stock, valued at $366,092.02. This trade represents a 58.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock worth $5,330,639 in the last quarter. Company insiders own 20.14% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter worth approximately $325,535,000. Vanguard Group Inc. purchased a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $255,331,000. William Blair Investment Management LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter worth $190,218,000. Bamco Inc. NY purchased a new position in The Baldwin Insurance Group in the fourth quarter worth $116,668,000. Finally, Capital International Investors purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter worth $99,040,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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.