The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Given Consensus Rating of “Hold” by Analysts

Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $44.83.

BWIN has been the subject of several research analyst reports. BMO Capital Markets dropped their price target on The Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday. Wells Fargo & Company upped their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, April 10th. Jefferies Financial Group increased their price target on shares of The Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Wall Street Zen lowered shares of The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a report on Tuesday, April 8th.

The Baldwin Insurance Group Stock Performance

NASDAQ BWIN opened at $39.12 on Monday. The company’s 50 day simple moving average is $40.14 and its two-hundred day simple moving average is $40.91. 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 Baldwin Insurance Group has a 1 year low of $32.46 and a 1 year high of $55.82. The stock has a market capitalization of $4.64 billion, a PE ratio of -61.13, a P/E/G ratio of 1.17 and a beta of 1.65.

Insider Buying and Selling at The Baldwin Insurance Group

In other news, insider James Morgan Roche sold 26,679 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the completion of the sale, the insider now directly owns 42,113 shares of the company’s stock, valued at approximately $1,687,467.91. This trade represents a 38.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Trevor Baldwin sold 117,000 shares of The Baldwin Insurance Group stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $39.83, for a total value of $4,660,110.00. Following the sale, the chief executive officer now directly owns 27,676 shares in the company, valued at approximately $1,102,335.08. The trade was 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 valued at $17,731,131 in the last 90 days. Insiders own 18.51% 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 grew its position in shares of The Baldwin Insurance Group by 12.1% in the 1st quarter. KBC Group NV now owns 3,675 shares of the company’s stock worth $164,000 after buying an additional 396 shares during the period. US Bancorp DE increased its stake in shares of The Baldwin Insurance Group by 6.5% during the first quarter. US Bancorp DE now owns 7,337 shares of the company’s stock valued at $328,000 after purchasing an additional 450 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of The Baldwin Insurance Group by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 17,335 shares of the company’s stock valued at $775,000 after purchasing an additional 550 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of The 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 purchasing an additional 700 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of The Baldwin Insurance Group by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,075 shares of the company’s stock worth $495,000 after buying an additional 700 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

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.