Baldwin Insurance Group (NASDAQ:BWIN) Stock Rating Lowered by Wall Street Zen

Baldwin Insurance Group (NASDAQ:BWIN) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Monday.

Several other analysts have also commented on the company. Jefferies Financial Group raised their price objective on Baldwin Insurance Group from $41.00 to $42.00 and gave the company a “hold” rating in a report on Friday, April 11th. Wells Fargo & Company raised their price objective on Baldwin Insurance Group from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Thursday, April 10th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $45.00 target price (up previously from $39.00) on shares of Baldwin Insurance Group in a research report on Tuesday, April 8th. Finally, BMO Capital Markets decreased their target price on Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, June 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.83.

Baldwin Insurance Group Stock Down 0.9%

Shares of BWIN opened at $40.42 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.43. Baldwin Insurance Group has a 12 month low of $34.22 and a 12 month high of $55.82. The stock’s 50 day moving average is $39.81 and its two-hundred day moving average is $40.51. The firm has a market cap of $4.79 billion, a P/E ratio of -77.73, a PEG ratio of 1.57 and a beta of 1.64.

Insiders Place Their Bets

In other Baldwin Insurance Group news, CEO Trevor Baldwin sold 117,000 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $39.83, for a total transaction of $4,660,110.00. Following the completion of the sale, the chief executive officer owned 27,676 shares of the company’s stock, valued at $1,102,335.08. This trade represents a 80.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lowry Baldwin sold 50,000 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $38.98, for a total value of $1,949,000.00. The disclosure for this sale can be found here. Insiders sold 451,380 shares of company stock worth $17,731,131 in the last three months. 20.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Baldwin Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Baldwin Insurance Group in the fourth quarter valued at $36,000. Assetmark Inc. purchased a new stake in Baldwin Insurance Group during the 4th quarter worth about $38,000. Premier Fund Managers Ltd purchased a new stake in Baldwin Insurance Group during the 4th quarter worth about $44,000. Johnson Financial Group Inc. purchased a new stake in shares of Baldwin Insurance Group in the 4th quarter valued at about $63,000. Finally, Strs Ohio purchased a new stake in shares of Baldwin Insurance Group in the 1st quarter valued at about $72,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

About 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.