Baldwin Insurance Group (NASDAQ:BWIN) Given New $36.00 Price Target at Wells Fargo & Company

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

A number of other analysts have also recently commented on BWIN. Jefferies Financial Group upped their price target on Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a research note on Tuesday, April 8th. Wall Street Zen downgraded Baldwin Insurance Group from a "hold" rating to a "sell" rating in a report on Monday. Finally, BMO Capital Markets reduced their price target on Baldwin Insurance Group from $51.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $45.17.

Baldwin Insurance Group Stock Down 1.2%

Shares of NASDAQ BWIN traded down $0.48 during mid-day trading on Thursday, hitting $40.76. 460,247 shares of the stock traded hands, compared to its average volume of 605,808. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.13 and a current ratio of 1.13. Baldwin Insurance Group has a 52 week low of $34.22 and a 52 week high of $55.82. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -78.38, a PEG ratio of 1.56 and a beta of 1.64. The stock has a fifty day moving average price of $39.68 and a 200-day moving average price of $40.51.

Insiders Place Their Bets

In other news, Director Lowry Baldwin sold 50,000 shares of Baldwin Insurance Group stock in a transaction on Monday, June 9th. The stock was sold at an average price of $38.98, for a total value of $1,949,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Trevor Baldwin sold 117,000 shares of Baldwin Insurance Group stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $39.83, for a total value of $4,660,110.00. Following the sale, the chief executive officer directly owned 27,676 shares of the company's stock, valued at $1,102,335.08. This trade represents a 80.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 451,380 shares of company stock worth $17,731,131 in the last three months. 18.51% of the stock is owned by insiders.

Institutional Trading of Baldwin Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV grew its stake in Baldwin Insurance Group by 12.1% in the first quarter. KBC Group NV now owns 3,675 shares of the company's stock worth $164,000 after purchasing an additional 396 shares in the last quarter. US Bancorp DE boosted its position in Baldwin Insurance Group by 6.5% during the 1st quarter. US Bancorp DE now owns 7,337 shares of the company's stock worth $328,000 after acquiring an additional 450 shares during the period. Toth Financial Advisory Corp raised its stake in shares of Baldwin Insurance Group by 3.3% in the 1st quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company's stock worth $775,000 after buying an additional 550 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Baldwin Insurance Group by 5.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,025 shares of the company's stock worth $582,000 after buying an additional 700 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Baldwin Insurance Group by 6.7% during the first quarter. NewEdge Advisors LLC now owns 11,075 shares of the company's stock worth $495,000 after purchasing an additional 700 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About 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.