The Baldwin Insurance Group (NASDAQ:BWIN) Research Coverage Started at BMO Capital Markets

BMO Capital Markets began coverage on shares of The Baldwin Insurance Group (NASDAQ:BWIN) in a report published on Thursday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $53.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of The Baldwin Insurance Group from $46.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Keefe, Bruyette & Woods cut their price target on The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on The Baldwin Insurance Group from $38.00 to $33.00 and set an “underweight” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, The Baldwin Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $44.86.

The Baldwin Insurance Group Stock Down 2.0 %

BWIN opened at $45.11 on Thursday. The Baldwin Insurance Group has a 1-year low of $31.47 and a 1-year high of $55.82. The business has a 50 day moving average of $41.29 and a 200-day moving average of $44.17. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -70.48, a P/E/G ratio of 1.17 and a beta of 1.72. 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

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

Institutional Investors Weigh In On The Baldwin Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new stake in shares of The Baldwin Insurance Group during the third quarter worth $29,447,000. JPMorgan Chase & Co. lifted its position in The Baldwin Insurance Group by 1,946.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,235,868 shares of the company’s stock worth $61,546,000 after buying an additional 1,175,484 shares in the last quarter. Peapack Gladstone Financial Corp bought a new stake in The Baldwin Insurance Group during the 3rd quarter worth about $263,000. Confluence Investment Management LLC bought a new stake in The Baldwin Insurance Group during the 4th quarter worth about $16,747,000. Finally, Diversified Trust Co acquired a new stake in The Baldwin Insurance Group in the 4th quarter valued at about $788,000. 77.49% of the stock is owned by institutional investors and hedge funds.

About The 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.