The Baldwin Insurance Group (NASDAQ:BWIN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

The Baldwin Insurance Group (NASDAQ:BWIN) had its target price lifted by stock analysts at Wells Fargo & Company from $33.00 to $34.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 18.96% from the company’s current price.

A number of other research analysts have also weighed in on BWIN. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $45.00 price objective (up previously from $39.00) on shares of The Baldwin Insurance Group in a research report on Tuesday. Keefe, Bruyette & Woods reduced 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, BMO Capital Markets started coverage on shares of The Baldwin Insurance Group in a research note on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.86.

The Baldwin Insurance Group Stock Down 1.1 %

Shares of NASDAQ BWIN traded down $0.49 on Thursday, reaching $41.95. 528,700 shares of the company’s stock traded hands, compared to its average volume of 601,797. The business’s 50 day simple moving average is $41.57 and its two-hundred day simple moving average is $43.78. The Baldwin Insurance Group has a 12 month low of $26.08 and a 12 month high of $55.82. The company has a market cap of $4.93 billion, a price-to-earnings ratio of -65.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.35.

Insider Activity at The Baldwin Insurance Group

In other news, CEO Trevor Baldwin sold 68,740 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $40.60, for a total transaction of $2,790,844.00. Following the sale, the chief executive officer now owns 80,663 shares of the company’s stock, valued at $3,274,917.80. This trade represents a 46.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Seth Bala Cohen sold 12,293 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.54, for a total transaction of $510,651.22. Following the completion of the sale, the general counsel now owns 8,813 shares of the company’s stock, valued at $366,092.02. This represents a 58.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,836 shares of company stock valued at $5,330,639 over the last ninety days. Insiders own 20.14% of the company’s stock.

Institutional Investors Weigh In On The Baldwin Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC purchased a new position in shares of The Baldwin Insurance Group in the 4th quarter worth $32,000. Nisa Investment Advisors LLC purchased a new position in The Baldwin Insurance Group in the fourth quarter worth about $33,000. TD Waterhouse Canada Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $36,000. Assetmark Inc. bought a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $38,000. Finally, Premier Fund Managers Ltd purchased a new stake in shares of The Baldwin Insurance Group during the 4th quarter valued at about $44,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

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.