The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $45.29.

A number of brokerages have weighed in on BWIN. BMO Capital Markets initiated coverage on shares of The Baldwin Insurance Group in a report on Thursday, March 27th. They issued an “outperform” rating and a $53.00 price target for the company. Keefe, Bruyette & Woods reduced their target price on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Jefferies Financial Group lifted their target price on The 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 target (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price objective on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research report on Thursday, April 10th.

The Baldwin Insurance Group Stock Down 2.6 %

Shares of BWIN stock opened at $41.96 on Friday. The stock has a 50 day moving average of $41.81 and a 200-day moving average of $43.13. The firm has a market cap of $4.93 billion, a PE ratio of -65.56, 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. The Baldwin Insurance Group has a 12 month low of $31.47 and a 12 month high of $55.82.

Insiders Place Their Bets

In related news, General Counsel Seth Bala Cohen sold 12,293 shares of the business’s stock in a transaction 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 sale, the general counsel now owns 8,813 shares of the company’s stock, valued at $366,092.02. The trade was a 58.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Trevor Baldwin sold 68,740 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $40.60, for a total value of $2,790,844.00. Following the transaction, the chief executive officer now owns 80,663 shares of the company’s stock, valued at $3,274,917.80. This represents a 46.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,836 shares of company stock worth $5,330,639 over the last quarter. Company insiders own 20.14% of the company’s stock.

Hedge Funds Weigh In On The Baldwin Insurance Group

Institutional investors have recently added to or reduced their stakes in the company. KBC Group NV increased its holdings in shares of The Baldwin Insurance Group by 12.1% during the first quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after buying an additional 396 shares in the last quarter. Toth Financial Advisory Corp grew its position in The Baldwin Insurance Group by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company’s stock worth $775,000 after acquiring an additional 550 shares during the last quarter. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group during the 4th quarter valued at $32,000. Nisa Investment Advisors LLC bought a new position in The Baldwin Insurance Group in the 4th quarter valued at $33,000. Finally, TD Waterhouse Canada Inc. acquired a new position in The Baldwin Insurance Group in the fourth quarter worth $36,000. 77.49% of the stock is owned by 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.