Wells Fargo & Company Forecasts Strong Price Appreciation for Baldwin Insurance Group (NASDAQ:BWIN) Stock

Baldwin Insurance Group (NASDAQ:BWIN - Free Report) had its price objective boosted by Wells Fargo & Company from $34.00 to $36.00 in a research report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Several other research firms have also commented on BWIN. Wall Street Zen lowered shares of Baldwin Insurance Group from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. BMO Capital Markets reduced their target price on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 13th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group increased their target price on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Two 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's stock. According to MarketBeat.com, Baldwin Insurance Group presently has an average rating of "Hold" and an average target price of $45.17.

Baldwin Insurance Group Price Performance

BWIN stock traded down $0.48 during trading on Thursday, hitting $40.76. 460,247 shares of the company's stock traded hands, compared to its average volume of 605,982. Baldwin Insurance Group has a 52 week low of $34.22 and a 52 week high of $55.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. The business has a fifty day simple moving average of $39.67 and a 200 day simple moving average of $40.55. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of -78.38, a P/E/G ratio of 1.58 and a beta of 1.64.

Insider Buying and Selling

In related news, insider James Morgan Roche sold 26,679 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the transaction, the insider owned 42,113 shares of the company's stock, valued at $1,687,467.91. This trade represents a 38.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Trevor Baldwin sold 117,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the transaction, the chief executive officer directly owned 27,676 shares in the company, valued at $1,102,335.08. This represents a 80.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 451,380 shares of company stock valued at $17,731,131 in the last 90 days. Company insiders own 20.14% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC purchased a new position in Baldwin Insurance Group during the 4th quarter valued at about $10,381,000. Emerald Advisers LLC purchased a new position in Baldwin Insurance Group during the 4th quarter valued at about $33,608,000. Bamco Inc. NY purchased a new position in Baldwin Insurance Group during the 4th quarter valued at about $116,668,000. KBC Group NV increased its position in Baldwin Insurance Group by 12.1% during the 1st quarter. KBC Group NV now owns 3,675 shares of the company's stock valued at $164,000 after purchasing an additional 396 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at about $190,218,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

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.