The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price Down 3.3% - Here's Why

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Get Free Report) shares traded down 3.3% on Wednesday . The company traded as low as $38.94 and last traded at $39.07. 42,834 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 557,155 shares. The stock had previously closed at $40.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target 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 target on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $45.00 price target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Jefferies Financial Group lifted 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 issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $45.33.

The Baldwin Insurance Group Price Performance

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 $4.51 billion, a price-to-earnings ratio of -59.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. The business's fifty day simple moving average is $40.75 and its 200 day simple moving average is $41.34.

Insider Transactions at The Baldwin Insurance Group

In related news, insider James Morgan Roche sold 3,572 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $40.04, for a total transaction of $143,022.88. Following the completion of the sale, the insider now owns 86,828 shares of the company's stock, valued at $3,476,593.12. This represents a 3.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $38.32, for a total transaction of $2,395,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 261,811 shares of company stock valued at $10,337,133. Insiders own 18.51% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in The Baldwin Insurance Group during the 4th quarter valued at about $32,000. TD Waterhouse Canada Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $36,000. Assetmark Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $38,000. Premier Fund Managers Ltd acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $44,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of The Baldwin Insurance Group in the 4th quarter worth approximately $55,000. 77.49% of the stock is 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.