Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Receives Consensus Recommendation of “Hold” from Brokerages

Baldwin Insurance Group, Inc. (NASDAQ:BWIN) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $33.8333.

A number of equities research analysts have recently weighed in on BWIN shares. Wells Fargo & Company boosted their price objective on shares of Baldwin Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Baldwin Insurance Group in a research note on Monday, December 29th. Zacks Research lowered shares of Baldwin Insurance Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on Baldwin Insurance Group from $33.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, January 7th. Finally, BMO Capital Markets lowered their target price on Baldwin Insurance Group from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, December 4th.

Insiders Place Their Bets

In other Baldwin Insurance Group news, insider James Morgan Roche sold 80,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.03, for a total value of $1,922,400.00. Following the transaction, the insider owned 42,113 shares in the company, valued at approximately $1,011,975.39. The trade was a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 255,000 shares of company stock worth $6,119,000. Corporate insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in shares of Baldwin Insurance Group by 666.5% during the fourth quarter. Larson Financial Group LLC now owns 1,211 shares of the company’s stock valued at $29,000 after acquiring an additional 1,053 shares in the last quarter. MTM Investment Management LLC bought a new position in Baldwin Insurance Group in the 2nd quarter worth $30,000. Dorato Capital Management bought a new position in Baldwin Insurance Group in the 4th quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Baldwin Insurance Group in the 3rd quarter worth about $39,000. Finally, AlphaQuest LLC boosted its stake in shares of Baldwin Insurance Group by 249.2% during the 3rd quarter. AlphaQuest LLC now owns 1,952 shares of the company’s stock valued at $55,000 after purchasing an additional 1,393 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Baldwin Insurance Group Stock Performance

Shares of NASDAQ BWIN opened at $16.53 on Friday. The stock’s 50-day moving average is $22.75 and its 200 day moving average is $26.38. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -38.44, a P/E/G ratio of 0.60 and a beta of 1.33. Baldwin Insurance Group has a 1-year low of $15.88 and a 1-year high of $47.15. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.45.

About Baldwin Insurance Group

Baldwin Insurance Group, Inc (NASDAQ: BWIN) is a specialty insurance and surety firm that underwrites contract bonds, commercial insurance policies and related risk-management services. Its core offerings include contract and commercial surety, which provide performance and payment guarantees to obligees in construction, service and public-sector projects. In addition, the company delivers complementary commercial lines coverages designed to mitigate liability, property and workers’ compensation exposures.

Through a network of regional agency offices primarily across the Midwestern United States, Baldwin Insurance Group serves contractors, developers, small and mid-sized businesses as well as municipal and public-sector clients.