Short Interest in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Grows By 9.1%

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,190,000 shares, an increase of 9.1% from the January 15th total of 3,840,000 shares. Based on an average daily volume of 543,200 shares, the days-to-cover ratio is presently 7.7 days. Currently, 6.3% of the shares of the company are sold short.

The Baldwin Insurance Group Price Performance

Shares of NASDAQ:BWIN traded up $0.09 during midday trading on Friday, reaching $41.69. The company’s stock had a trading volume of 541,995 shares, compared to its average volume of 456,801. The Baldwin Insurance Group has a fifty-two week low of $25.50 and a fifty-two week high of $55.82. The company has a market capitalization of $4.90 billion, a P/E ratio of -65.14, a P/E/G ratio of 1.19 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.98 and a quick ratio of 0.98. The business’s fifty day simple moving average is $40.07 and its 200-day simple moving average is $44.69.

Insider Buying and Selling

In related news, major shareholder Elizabeth Krystyn sold 88,306 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $43.05, for a total value of $3,801,573.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.14% of the stock is owned by company insiders.

Institutional Trading of The Baldwin Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at $325,535,000. Vanguard Group Inc. acquired a new stake in The Baldwin Insurance Group in the fourth quarter worth about $255,331,000. William Blair Investment Management LLC acquired a new stake in The Baldwin Insurance Group in the fourth quarter worth about $190,218,000. Capital International Investors acquired a new stake in The Baldwin Insurance Group in the fourth quarter worth about $99,040,000. Finally, Capital Research Global Investors acquired a new stake in The Baldwin Insurance Group in the fourth quarter worth about $87,572,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price objective 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. Wells Fargo & Company cut their price objective on The Baldwin Insurance Group from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their price objective on The Baldwin Insurance Group from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

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.